2,872 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,872 shares of the industrial products company’s stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds have also modified their holdings of EMR. Waverly Advisors LLC boosted its holdings in shares of Emerson Electric by 100.2% in the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after buying an additional 7,565 shares during the period. Blackston Financial Advisory Group LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $241,000. FMR LLC boosted its holdings in shares of Emerson Electric by 1.3% in the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after buying an additional 41,263 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $320,000. Finally, Capital Advisors Inc. OK boosted its holdings in shares of Emerson Electric by 821.0% in the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after buying an additional 76,868 shares during the period. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EMR has been the subject of several research analyst reports. Barclays upped their price target on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. UBS Group boosted their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Bank of America boosted their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Royal Bank of Canada boosted their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, Citigroup boosted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $116.25.

Emerson Electric Price Performance

Shares of EMR opened at $108.63 on Tuesday. The firm has a market capitalization of $62.01 billion, a PE ratio of 5.66, a PEG ratio of 1.88 and a beta of 1.37. The company’s 50-day moving average is $110.06 and its 200-day moving average is $98.94. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $115.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the company posted $0.78 earnings per share. Emerson Electric’s revenue was up 22.1% compared to the same quarter last year. Equities analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Insider Activity at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by corporate insiders.

About Emerson Electric

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.