AMP Capital Investors Ltd raised its position in Emerson Electric Co. (NYSE:EMR) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 219,912 shares of the industrial products company’s stock after acquiring an additional 13,794 shares during the quarter. AMP Capital Investors Ltd’s holdings in Emerson Electric were worth $15,327,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in EMR. Tower Research Capital LLC TRC acquired a new stake in shares of Emerson Electric during the 2nd quarter worth about $109,000. Intellectus Partners LLC lifted its stake in shares of Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after buying an additional 7 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Emerson Electric during the 2nd quarter worth about $129,000. Cerebellum GP LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $129,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $146,000. Hedge funds and other institutional investors own 69.96% of the company’s stock.
Shares of Emerson Electric Co. (NYSE 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 12 month low of $56.77 and a 12 month high of $74.45. The firm 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 company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 16th were issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 76.38%.
A number of research firms have recently issued reports on EMR. Edward Jones cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. JMP Securities cut shares of Emerson Electric from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $74.45 to $56.77 in a research note on Thursday, February 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price objective on shares of Emerson Electric in a research note on Monday, December 11th. Robert W. Baird lifted their price objective on shares of Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $70.72.
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Emerson Electric Company 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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