BlueCrest Capital Management Ltd grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 403.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,575 shares of the industrial products company’s stock after buying an additional 14,085 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Emerson Electric were worth $1,225,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Thrivent Financial For Lutherans grew its stake in shares of Emerson Electric by 176.4% during the fourth quarter. Thrivent Financial For Lutherans now owns 79,994 shares of the industrial products company’s stock valued at $5,574,000 after buying an additional 51,051 shares during the last quarter. Profund Advisors LLC grew its stake in shares of Emerson Electric by 29.8% in the fourth quarter. Profund Advisors LLC now owns 21,586 shares of the industrial products company’s stock worth $1,504,000 after purchasing an additional 4,950 shares during the last quarter. Strategic Capital Advisers Inc. bought a new stake in shares of Emerson Electric in the fourth quarter worth about $1,171,000. MANA Advisors LLC bought a new stake in shares of Emerson Electric in the fourth quarter worth about $394,000. Finally, Anchor Bolt Capital LP bought a new stake in shares of Emerson Electric in the fourth quarter worth about $12,621,000. 69.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Emerson Electric Co. (EMR) opened at $71.42 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. Emerson Electric Co. has a 1-year low of $56.77 and a 1-year high of $74.45. The company has a market cap of $45,340.00, a PE ratio of 28.12, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 16th were issued a $0.485 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.94 annualized dividend and a yield of 2.72%. Emerson Electric’s dividend payout ratio (DPR) is presently 76.38%.
EMR has been the topic of several recent analyst reports. Edward Jones cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cowen reissued a “buy” rating and issued a $72.00 target price on shares of Emerson Electric in a research note on Wednesday, December 20th. UBS Group initiated coverage on Emerson Electric in a research note on Monday, January 22nd. They issued a “buy” rating and a $73.26 target price on the stock. Citigroup set a $61.00 target price on Emerson Electric and gave the stock a “sell” rating in a research note on Tuesday, November 28th. Finally, Vertical Research raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. Emerson Electric has a consensus rating of “Hold” and a consensus target price of $70.72.
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Emerson Electric Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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