Banque Cantonale Vaudoise raised its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 46.1% in the first quarter, Holdings Channel.com reports. The fund owned 18,698 shares of the industrial products company’s stock after purchasing an additional 5,901 shares during the period. Banque Cantonale Vaudoise’s holdings in Emerson Electric were worth $2,450,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $1,050,040,000. Ameriprise Financial Inc. grew its stake in shares of Emerson Electric by 185.7% in the third quarter. Ameriprise Financial Inc. now owns 3,192,982 shares of the industrial products company’s stock valued at $418,730,000 after buying an additional 2,075,425 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Emerson Electric by 20.6% during the 3rd quarter. Fisher Asset Management LLC now owns 6,262,570 shares of the industrial products company’s stock worth $821,524,000 after acquiring an additional 1,069,122 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Emerson Electric by 17.8% during the 4th quarter. Bank of New York Mellon Corp now owns 6,198,148 shares of the industrial products company’s stock worth $822,618,000 after acquiring an additional 938,051 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Emerson Electric by 13.5% during the 3rd quarter. Schroder Investment Management Group now owns 7,205,569 shares of the industrial products company’s stock valued at $945,227,000 after acquiring an additional 859,171 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Trading Up 2.6%
Shares of NYSE:EMR opened at $145.11 on Friday. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $165.15. The company’s 50 day moving average is $141.25 and its two-hundred day moving average is $141.44. The company has a market cap of $81.28 billion, a PE ratio of 33.51, a P/E/G ratio of 2.26 and a beta of 1.25. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37.
Emerson Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a $0.555 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio is presently 51.27%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on EMR. Wolfe Research reduced their price target on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Daiwa Securities Group cut their target price on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Barclays increased their target price on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. Finally, BMO Capital Markets upped their price objective on Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.96.
View Our Latest Analysis on EMR
About Emerson Electric
Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.
Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.
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