Elo Mutual Pension Insurance Co Has $6.48 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Elo Mutual Pension Insurance Co lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,263 shares of the industrial products company’s stock after selling 2,110 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Emerson Electric were worth $6,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EMR. Howard Capital Management Group LLC raised its stake in shares of Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after buying an additional 180 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in Emerson Electric by 164.3% in the third quarter. Loomis Sayles & Co. L P now owns 94,061 shares of the industrial products company’s stock valued at $10,287,000 after acquiring an additional 58,476 shares during the period. Brooklyn Investment Group bought a new position in Emerson Electric during the third quarter worth about $144,000. Townsquare Capital LLC boosted its holdings in Emerson Electric by 4.9% during the third quarter. Townsquare Capital LLC now owns 11,851 shares of the industrial products company’s stock valued at $1,296,000 after purchasing an additional 553 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Emerson Electric by 1,796.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 495,000 shares of the industrial products company’s stock valued at $54,138,000 after purchasing an additional 468,898 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on EMR. Citigroup initiated coverage on Emerson Electric in a research report on Monday, March 17th. They set a “buy” rating and a $132.00 target price for the company. KeyCorp lifted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Loop Capital lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Wells Fargo & Company upped their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.94.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $112.09 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The stock has a market capitalization of $63.20 billion, a P/E ratio of 26.75, a P/E/G ratio of 2.49 and a beta of 1.36. The business has a 50-day moving average price of $121.08 and a two-hundred day moving average price of $119.41.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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%. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.88%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Emerson Electric 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.