Aster Capital Management DIFC Ltd Buys Shares of 1,162 Emerson Electric Co. (NYSE:EMR)

Aster Capital Management DIFC Ltd purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,162 shares of the industrial products company’s stock, valued at approximately $144,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $885,886,000. Raymond James Financial Inc. purchased a new position in Emerson Electric during the fourth quarter valued at approximately $297,947,000. Boston Partners raised its stake in Emerson Electric by 136.3% in the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock worth $411,944,000 after buying an additional 1,913,120 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Emerson Electric by 234.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock worth $252,313,000 after buying an additional 1,426,718 shares during the period. Finally, Sarasin & Partners LLP boosted its position in Emerson Electric by 120.6% during the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock valued at $218,889,000 after acquiring an additional 965,731 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $97.02 on Tuesday. The company has a market capitalization of $54.71 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The company’s fifty day moving average price is $117.75 and its 200 day moving average price is $119.79. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Finally, Citigroup began coverage on Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.94.

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.