US Asset Management LLC Purchases New Holdings in Emerson Electric Co. (NYSE:EMR)

US Asset Management LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,724 shares of the industrial products company’s stock, valued at approximately $265,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in Emerson Electric by 7.9% during the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after purchasing an additional 1,008,294 shares in the last quarter. Invesco Ltd. grew its position in Emerson Electric by 16.9% during the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after acquiring an additional 1,184,202 shares during the last quarter. Nordea Investment Management AB increased its holdings in Emerson Electric by 26.5% during the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after purchasing an additional 1,558,903 shares in the last quarter. Northern Trust Corp increased its stake in shares of Emerson Electric by 2.4% in the third quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock valued at $692,176,000 after buying an additional 168,783 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Emerson Electric by 1.8% in the third quarter. Stifel Financial Corp now owns 4,557,738 shares of the industrial products company’s stock valued at $440,145,000 after buying an additional 80,451 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research analyst reports. Mizuho boosted their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays lifted their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Bank of America increased their target price on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. 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 research note on Thursday. Finally, Citigroup lifted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $119.41.

Emerson Electric Stock Up 2.6 %

EMR stock traded up $2.94 during trading hours on Thursday, reaching $115.59. 4,982,821 shares of the stock were exchanged, compared to its average volume of 2,842,192. The firm’s 50-day moving average is $110.75 and its 200-day moving average is $100.04. The company has a market cap of $65.98 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 1.84 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.77.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.11. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. Emerson Electric’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. On average, equities research analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, May 16th. Emerson Electric’s payout ratio is 10.94%.

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.