B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 23,695 shares of the industrial products company’s stock, valued at approximately $2,092,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in shares of Emerson Electric by 2.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,266,125 shares of the industrial products company’s stock worth $825,089,000 after buying an additional 273,272 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Emerson Electric by 9.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,674,789 shares of the industrial products company’s stock worth $697,193,000 after buying an additional 767,458 shares in the last quarter. Norges Bank bought a new position in shares of Emerson Electric during the 4th quarter worth $411,979,000. UBS Asset Management Americas Inc. grew its position in shares of Emerson Electric by 27.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 3,058,573 shares of the industrial products company’s stock worth $245,818,000 after buying an additional 649,823 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Emerson Electric by 0.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,651,878 shares of the industrial products company’s stock worth $213,131,000 after buying an additional 15,173 shares in the last quarter. 73.59% of the stock is currently owned by institutional investors and hedge funds.

EMR has been the topic of a number of recent research reports. Morgan Stanley increased their price target on Emerson Electric from $71.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 3rd. Credit Suisse Group raised their price objective on Emerson Electric from $94.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. The Goldman Sachs Group raised Emerson Electric from a “neutral” rating to a “buy” rating and raised their price objective for the company from $89.00 to $97.00 in a research report on Tuesday, January 19th. Zacks Investment Research downgraded Emerson Electric from a “buy” rating to a “hold” rating and set a $96.00 price objective on the stock. in a research report on Tuesday. Finally, Citigroup raised their price objective on Emerson Electric from $94.00 to $98.00 in a research report on Wednesday, February 3rd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Emerson Electric has a consensus rating of “Buy” and a consensus price target of $87.21.

Emerson Electric stock opened at $91.09 on Thursday. The stock has a 50-day moving average of $89.14 and a two-hundred day moving average of $79.56. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.19 and a current ratio of 1.52. Emerson Electric Co. has a one year low of $46.34 and a one year high of $93.38. The stock has a market cap of $54.66 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 2.46 and a beta of 1.55.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Friday, February 12th were paid a $0.505 dividend. This represents a $2.02 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Thursday, February 11th. Emerson Electric’s payout ratio is 58.38%.

Emerson Electric Company Profile

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.

Further Reading: What are Institutional Investors?

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

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