Emerson Electric Co. (NYSE:EMR) Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 6.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 968,561 shares of the industrial products company’s stock after acquiring an additional 57,028 shares during the period. Clearbridge Investments LLC’s holdings in Emerson Electric were worth $94,270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Waverly Advisors LLC increased its holdings in Emerson Electric by 100.2% during the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock worth $1,460,000 after purchasing an additional 7,565 shares during the last quarter. Blackston Financial Advisory Group LLC purchased a new stake in Emerson Electric during the 4th quarter worth approximately $241,000. FMR LLC increased its holdings in Emerson Electric by 1.3% during the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock worth $312,278,000 after purchasing an additional 41,263 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Emerson Electric during the 3rd quarter worth approximately $320,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Emerson Electric by 23.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock worth $4,703,000 after purchasing an additional 9,300 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EMR has been the topic of several analyst reports. UBS Group lifted their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Citigroup boosted their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and boosted their price target for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Robert W. Baird lowered their price target on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Finally, StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $120.56.

Emerson Electric Trading Down 0.2 %

Shares of EMR stock opened at $113.50 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $116.76. The stock has a market capitalization of $64.93 billion, a P/E ratio of 6.08, a P/E/G ratio of 1.90 and a beta of 1.36. The stock has a 50-day simple moving average of $111.64 and a 200 day simple moving average of $101.67.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the company posted $1.09 EPS. Emerson Electric’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, sell-side analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a $0.525 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.85%. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

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.