World Investment Advisors Purchases 6,079 Shares of Emerson Electric Co. (NYSE:EMR)

World Investment Advisors increased its holdings in Emerson Electric Co. (NYSE:EMR) by 41.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,823 shares of the industrial products company’s stock after purchasing an additional 6,079 shares during the period. World Investment Advisors’ holdings in Emerson Electric were worth $2,581,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EMR. Wilmington Savings Fund Society FSB boosted its holdings in shares of Emerson Electric by 120.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after purchasing an additional 30,741 shares during the period. Geode Capital Management LLC boosted its stake in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares during the period. Stokes Family Office LLC increased its position in Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock valued at $1,141,000 after acquiring an additional 4,480 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of Emerson Electric by 8.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after acquiring an additional 6,321 shares during the last quarter. Finally, Howland Capital Management LLC boosted its stake in shares of Emerson Electric by 13.0% during the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock worth $3,283,000 after purchasing an additional 3,054 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 7.3 %

Shares of EMR stock opened at $94.47 on Friday. The stock’s fifty day moving average price is $118.39 and its 200 day moving average price is $119.63. Emerson Electric Co. has a 1-year low of $92.23 and a 1-year high of $134.85. The company has a market cap of $53.27 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Analysts Set New Price Targets

EMR has been the subject of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Morgan Stanley boosted their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Barclays reduced their target price on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 26th. Jefferies Financial Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. Finally, Citigroup assumed coverage on Emerson Electric in a report on Monday, March 17th. They issued a “buy” rating and a $132.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.94.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.