Price T Rowe Associates Inc. MD Has $125.52 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Price T Rowe Associates Inc. MD lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 15.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,106,633 shares of the industrial products company’s stock after purchasing an additional 149,446 shares during the period. Price T Rowe Associates Inc. MD owned 0.19% of Emerson Electric worth $125,515,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tobam increased its stake in shares of Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after buying an additional 273 shares during the period. Accordant Advisory Group Inc acquired a new stake in Emerson Electric during the 1st quarter valued at approximately $29,000. Security National Bank bought a new position in Emerson Electric during the 4th quarter worth approximately $29,000. Cape Investment Advisory Inc. lifted its position in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the period. Finally, Burkett Financial Services LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth $32,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Citigroup increased their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Wells Fargo & Company lifted their target price on Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. Mizuho raised their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and lifted their price target for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.44.

Emerson Electric Stock Down 0.1 %

Emerson Electric stock traded down $0.12 during trading on Monday, hitting $116.72. 346,174 shares of the company were exchanged, compared to its average volume of 2,616,653. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $111.23 and its 200 day moving average is $108.27. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. The company has a market capitalization of $66.78 billion, a P/E ratio of 6.25, a PEG ratio of 1.99 and a beta of 1.32.

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

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a $0.525 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.80%. Emerson Electric’s dividend payout ratio is currently 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.