Xponance Inc. Boosts Stock Position in Emerson Electric Co. (NYSE:EMR)

Xponance Inc. grew its stake in Emerson Electric Co. (NYSE:EMR) by 19.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 91,449 shares of the industrial products company’s stock after acquiring an additional 15,026 shares during the quarter. Xponance Inc.’s holdings in Emerson Electric were worth $8,901,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its position in Emerson Electric by 105,280.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock worth $5,227,354,000 after acquiring an additional 54,365,954 shares during the period. Norges Bank purchased a new position in shares of Emerson Electric during the fourth quarter worth $702,606,000. Morgan Stanley boosted its position in shares of Emerson Electric by 28.4% during the fourth quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock worth $1,136,909,000 after buying an additional 2,621,089 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in shares of Emerson Electric by 255.5% during the third quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock worth $270,771,000 after buying an additional 2,015,232 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after buying an additional 1,558,903 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 0.4 %

Emerson Electric stock traded up $0.49 during midday trading on Friday, reaching $109.80. The company’s stock had a trading volume of 198,210 shares, compared to its average volume of 2,625,835. The business has a 50-day simple moving average of $109.87 and a 200-day simple moving average of $98.69. The company has a market cap of $62.67 billion, a P/E ratio of 5.69, a P/E/G ratio of 1.90 and a beta of 1.37. 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 quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 earnings per share. On average, research analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on EMR. Barclays raised their price target on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Mizuho increased their price objective on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Royal Bank of Canada increased their price objective on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. UBS Group increased their price objective on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, Citigroup increased their price objective on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.25.

Emerson Electric Company 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.