National Pension Service Raises Stock Holdings in Emerson Electric Co. (NYSE:EMR)

National Pension Service raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,353,457 shares of the industrial products company’s stock after purchasing an additional 42,890 shares during the quarter. National Pension Service’s holdings in Emerson Electric were worth $131,732,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Waverly Advisors LLC lifted its holdings in Emerson Electric by 100.2% in the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock worth $1,460,000 after buying an additional 7,565 shares during the period. Blackston Financial Advisory Group LLC bought a new stake in Emerson Electric in the fourth quarter valued at $241,000. FMR LLC increased its position in Emerson Electric by 1.3% during the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after purchasing an additional 41,263 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in Emerson Electric in the 3rd quarter worth $320,000. Finally, Capital Advisors Inc. OK boosted its stake in shares of Emerson Electric by 821.0% during the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after purchasing an additional 76,868 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR traded up $5.25 during trading hours on Wednesday, hitting $112.65. The stock had a trading volume of 6,046,909 shares, compared to its average volume of 2,820,472. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The stock has a fifty day moving average price of $110.61 and a 200 day moving average price of $99.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The firm has a market capitalization of $64.30 billion, a PE ratio of 5.87, a PEG ratio of 1.84 and a beta of 1.36.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.86%. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EMR. Mizuho increased their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Barclays raised their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. UBS Group upped their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. KeyCorp lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Finally, Berenberg Bank raised their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.07.

Insider Activity at Emerson Electric

In other 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 value 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 Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by company insiders.

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.