Bokf Na lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,282 shares of the industrial products company’s stock after selling 19,375 shares during the period. Bokf Na’s holdings in Emerson Electric were worth $14,416,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of EMR. Vanguard Group Inc raised its holdings in shares of Emerson Electric by 2.4% in the third quarter. Vanguard Group Inc now owns 51,601,229 shares of the industrial products company’s stock valued at $3,951,622,000 after buying an additional 1,214,362 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Emerson Electric by 5.9% in the fourth quarter. BlackRock Inc. now owns 42,076,883 shares of the industrial products company’s stock valued at $2,514,093,000 after buying an additional 2,358,763 shares during the last quarter. Capital World Investors raised its holdings in shares of Emerson Electric by 7.0% in the third quarter. Capital World Investors now owns 15,250,142 shares of the industrial products company’s stock valued at $1,167,856,000 after buying an additional 1,000,000 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Emerson Electric by 2.1% in the fourth quarter. Northern Trust Corp now owns 9,421,260 shares of the industrial products company’s stock valued at $562,921,000 after buying an additional 192,698 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Emerson Electric by 3,146,008.7% in the third quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock valued at $717,967,000 after buying an additional 9,375,106 shares during the last quarter. Hedge funds and other institutional investors own 71.54% of the company’s stock.
Shares of Emerson Electric stock opened at $67.33 on Friday. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $79.70. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The stock has a market cap of $41.38 billion, a PE ratio of 19.92, a PEG ratio of 2.11 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Equities analysts anticipate that Emerson Electric Co. will post 3.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 15th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.91%. Emerson Electric’s dividend payout ratio (DPR) is 57.99%.
A number of brokerages have recently commented on EMR. Morgan Stanley set a $77.00 target price on shares of Emerson Electric and gave the company a “buy” rating in a report on Friday, February 8th. Credit Suisse Group upped their target price on shares of Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, February 6th. Cowen reaffirmed a “buy” rating and issued a $81.00 target price on shares of Emerson Electric in a report on Tuesday, February 5th. Citigroup raised shares of Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 target price for the company in a report on Monday, January 14th. Finally, Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $76.28.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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