LPL Financial LLC Increases Stock Position in Emerson Electric Co. (NYSE:EMR)

LPL Financial LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 869,880 shares of the industrial products company’s stock after purchasing an additional 36,709 shares during the period. LPL Financial LLC’s holdings in Emerson Electric were worth $107,804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EMR. Raymond James Financial Inc. purchased a new position in Emerson Electric in the 4th quarter valued at $297,947,000. Boston Partners lifted its stake in shares of Emerson Electric by 136.3% in the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock worth $411,944,000 after acquiring an additional 1,913,120 shares during the period. State Street Corp increased its stake in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares during the period. Fisher Asset Management LLC raised its holdings in Emerson Electric by 234.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock worth $252,313,000 after purchasing an additional 1,426,718 shares in the last quarter. Finally, Sarasin & Partners LLP lifted its position in Emerson Electric by 120.6% in the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock valued at $218,889,000 after purchasing an additional 965,731 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EMR has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Barclays cut Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $135.00 to $110.00 in a research report on Monday, March 10th. Citigroup initiated coverage on shares of Emerson Electric in a research report on Monday, March 17th. They set a “buy” rating and a $132.00 target price on the stock. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Finally, Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.22.

Emerson Electric Stock Down 0.1 %

EMR opened at $115.21 on Wednesday. The business’s fifty day simple moving average is $121.44 and its 200 day simple moving average is $119.50. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The firm has a market cap of $64.97 billion, a P/E ratio of 27.50, a PEG ratio of 2.49 and a beta of 1.36. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

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

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

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.