Emerson Electric Co. (NYSE:EMR) Shares Acquired by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. boosted its position in Emerson Electric Co. (NYSE:EMR) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,129 shares of the industrial products company’s stock after buying an additional 780 shares during the period. Emerson Electric makes up about 1.6% of Richard C. Young & CO. LTD.’s holdings, making the stock its 27th biggest position. Richard C. Young & CO. LTD.’s holdings in Emerson Electric were worth $14,764,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EMR. State Street Corp increased its stake in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares during the period. Wellington Management Group LLP increased its position in Emerson Electric by 4.2% during the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after purchasing an additional 581,102 shares during the period. Geode Capital Management LLC raised its stake in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Emerson Electric by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after buying an additional 375,470 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after acquiring an additional 2,016,075 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays boosted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Loop Capital upped their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $124.37 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40. The company has a market cap of $70.83 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company has a 50-day simple moving average of $126.51 and a 200-day simple moving average of $116.79. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities analysts anticipate that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business 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 dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.