Columbus Macro LLC Takes $203,000 Position in Emerson Electric Co. (NYSE:EMR)

Columbus Macro LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,788 shares of the industrial products company’s stock, valued at approximately $203,000.

Several other large investors also recently made changes to their positions in EMR. Morgan Stanley raised its stake in Emerson Electric by 7.9% in the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after acquiring an additional 1,008,294 shares during the period. Wellington Management Group LLP raised its stake in Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after acquiring an additional 1,488,948 shares during the period. Wells Fargo & Company MN raised its stake in Emerson Electric by 0.6% in the 4th quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock valued at $1,036,982,000 after acquiring an additional 62,105 shares during the period. Norges Bank bought a new stake in Emerson Electric in the 4th quarter valued at $764,604,000. Finally, Nordea Investment Management AB increased its position 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 worth $723,873,000 after buying an additional 1,558,903 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and upped their price target for the stock from $123.00 to $138.00 in a report on Thursday, May 9th. Bank of America upped their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Berenberg Bank increased their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. UBS Group increased their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, Mizuho increased their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $121.76.

Emerson Electric Stock Down 1.3 %

Shares of Emerson Electric stock traded down $1.45 during trading hours on Tuesday, reaching $107.87. The company’s stock had a trading volume of 2,014,595 shares, compared to its average volume of 2,676,711. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The stock’s fifty day simple moving average is $110.14 and its two-hundred day simple moving average is $105.29. Emerson Electric Co. has a one year low of $83.10 and a one year high of $116.76. The company has a market capitalization of $61.71 billion, a P/E ratio of 5.77, a P/E/G ratio of 1.81 and a beta of 1.34.

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 net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the firm earned $1.09 earnings per share. The firm’s revenue was up 16.5% on a year-over-year basis. On average, research analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.95%. Emerson Electric’s dividend payout ratio (DPR) is presently 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.