Mirae Asset Global Investments Co. Ltd. Buys 14,641 Shares of Emerson Electric Co. (NYSE:EMR)

Mirae Asset Global Investments Co. Ltd. increased its stake in Emerson Electric Co. (NYSE:EMR) by 36.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,284 shares of the industrial products company’s stock after purchasing an additional 14,641 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Emerson Electric were worth $6,946,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management increased its stake in Emerson Electric by 16.8% in the 3rd quarter. Brookstone Capital Management now owns 11,978 shares of the industrial products company’s stock valued at $1,310,000 after buying an additional 1,727 shares during the last quarter. CWM LLC increased its position in shares of Emerson Electric by 4.5% in the third quarter. CWM LLC now owns 17,352 shares of the industrial products company’s stock valued at $1,898,000 after acquiring an additional 742 shares during the last quarter. Wedmont Private Capital boosted its position in Emerson Electric by 2.0% during the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 99 shares during the last quarter. LifePro Asset Management increased its position in shares of Emerson Electric by 20.5% during the 3rd quarter. LifePro Asset Management now owns 3,822 shares of the industrial products company’s stock worth $418,000 after purchasing an additional 650 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC bought a new stake in Emerson Electric during the third quarter worth $1,321,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR opened at $124.37 on Friday. The company has a market capitalization of $70.83 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 2.22 and a beta of 1.34. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The stock has a fifty day simple moving average of $126.68 and a 200 day simple moving average of $116.74. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. Sell-side analysts expect that Emerson Electric Co. will post 5.91 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is 61.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EMR. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. KeyCorp boosted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday. Finally, Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric 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.