Northwest Investment Counselors LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,345 shares of the industrial products company’s stock after purchasing an additional 2,318 shares during the quarter. Emerson Electric makes up 1.4% of Northwest Investment Counselors LLC’s portfolio, making the stock its 13th biggest holding. Northwest Investment Counselors LLC’s holdings in Emerson Electric were worth $3,516,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of EMR. Norges Bank purchased a new stake in Emerson Electric during the fourth quarter worth $430,663,000. Oregon Public Employees Retirement Fund boosted its position in Emerson Electric by 5,802.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,095,444 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 4,026,056 shares in the last quarter. FMR LLC raised its holdings in shares of Emerson Electric by 83.1% in the fourth quarter. FMR LLC now owns 6,998,682 shares of the industrial products company’s stock worth $418,171,000 after acquiring an additional 3,176,614 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Emerson Electric by 380.4% in the fourth quarter. Two Sigma Advisers LP now owns 3,092,853 shares of the industrial products company’s stock worth $184,798,000 after acquiring an additional 2,448,999 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Emerson Electric by 5.9% in the fourth quarter. BlackRock Inc. now owns 42,076,883 shares of the industrial products company’s stock worth $2,514,093,000 after acquiring an additional 2,358,763 shares during the last quarter. Institutional investors own 73.06% of the company’s stock.
EMR has been the subject of a number of analyst reports. Citigroup raised Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $67.00 to $81.00 in a report on Monday, April 8th. Cowen reissued a “buy” rating and issued a $81.00 price target on shares of Emerson Electric in a report on Wednesday, January 30th. Morgan Stanley set a $77.00 price target on Emerson Electric and gave the stock a “buy” rating in a report on Friday, February 8th. Credit Suisse Group boosted their price target on Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 6th. Finally, Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Tuesday, April 2nd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $76.41.
Emerson Electric stock traded down $0.66 during trading on Wednesday, hitting $64.67. The company’s stock had a trading volume of 2,402,489 shares, compared to its average volume of 3,333,512. The firm has a market capitalization of $39.84 billion, a P/E ratio of 19.13, a PEG ratio of 2.07 and a beta of 1.23. Emerson Electric Co. has a 1-year low of $55.38 and a 1-year high of $79.70. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.44.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, May 7th. The industrial products company reported $0.84 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.64 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 earnings per share. As a group, equities analysts predict that Emerson Electric Co. will post 3.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a $0.49 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.96 annualized dividend and a yield of 3.03%. Emerson Electric’s payout ratio is currently 57.99%.
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Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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