Rothschild & Co. Asset Management US Inc. lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 480.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,682 shares of the industrial products company’s stock after purchasing an additional 57,667 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Emerson Electric were worth $5,600,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley raised its position in shares of Emerson Electric by 4.9% during the third quarter. Morgan Stanley now owns 9,008,370 shares of the industrial products company’s stock worth $590,679,000 after purchasing an additional 423,841 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Emerson Electric by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,907,331 shares of the industrial products company’s stock worth $518,484,000 after buying an additional 240,404 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Emerson Electric by 24.4% during the third quarter. JPMorgan Chase & Co. now owns 3,182,482 shares of the industrial products company’s stock worth $207,371,000 after buying an additional 623,278 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Emerson Electric by 3,341.3% during the third quarter. Whittier Trust Co. now owns 3,124,902 shares of the industrial products company’s stock worth $204,868,000 after buying an additional 3,034,095 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Emerson Electric by 15.0% during the fourth quarter. Alliancebernstein L.P. now owns 2,413,978 shares of the industrial products company’s stock worth $194,011,000 after buying an additional 314,751 shares in the last quarter. 73.59% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on EMR. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Monday, December 14th. JPMorgan Chase & Co. raised their price target on Emerson Electric from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, February 4th. UBS Group upgraded Emerson Electric from a “neutral” rating to a “buy” rating and raised their price target for the company from $69.00 to $100.00 in a research note on Friday, January 15th. Credit Suisse Group raised their price target on Emerson Electric from $94.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, February 3rd. Finally, Citigroup raised their price target on Emerson Electric from $94.00 to $98.00 in a research note on Wednesday, February 3rd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $81.33.

NYSE:EMR opened at $86.17 on Tuesday. The stock has a market cap of $51.70 billion, a P/E ratio of 26.60, a PEG ratio of 2.46 and a beta of 1.55. The stock has a 50 day simple moving average of $83.30 and a 200 day simple moving average of $74.99. The company has a current ratio of 1.52, a quick ratio of 1.19 and a debt-to-equity ratio of 0.75. Emerson Electric Co. has a 1-year low of $37.75 and a 1-year high of $87.07.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Monday, February 1st. The industrial products company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.15. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Emerson Electric had a return on equity of 25.98% and a net margin of 11.71%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.67 EPS. As a group, sell-side analysts forecast that Emerson Electric Co. will post 3.49 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 10th. Investors of record on Friday, February 12th will be issued a dividend of $0.505 per share. The ex-dividend date is Thursday, February 11th. This represents a $2.02 annualized dividend and a yield of 2.34%. Emerson Electric’s payout ratio is currently 58.38%.

In other Emerson Electric news, CFO Frank J. Dellaquila sold 10,000 shares of Emerson Electric stock in a transaction on Wednesday, November 25th. The stock was sold at an average price of $78.91, for a total value of $789,100.00. Following the completion of the transaction, the chief financial officer now directly owns 250,340 shares of the company’s stock, valued at approximately $19,754,329.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by insiders.

About Emerson Electric

Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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