Emerson Electric Co. (NYSE:EMR) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 744,549 shares of the industrial products company’s stock after buying an additional 75,349 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.13% of Emerson Electric worth $98,226,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Swedbank AB boosted its stake in Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after acquiring an additional 1,424,800 shares in the last quarter. Howard Capital Management Group LLC lifted its holdings 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 purchasing an additional 180 shares during the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at about $340,000. M&G PLC grew its stake in Emerson Electric by 39.6% during the 3rd quarter. M&G PLC now owns 41,138 shares of the industrial products company’s stock worth $4,484,000 after buying an additional 11,668 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Emerson Electric by 2.9% during the third quarter. Principal Financial Group Inc. now owns 812,976 shares of the industrial products company’s stock worth $88,915,000 after buying an additional 23,205 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EMR shares. Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

Emerson Electric Stock Up 2.0 %

Shares of NYSE EMR opened at $118.66 on Friday. The stock has a market capitalization of $66.91 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The firm has a 50-day moving average price of $123.64 and a 200 day moving average price of $118.52. 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 announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

About Emerson Electric

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.