Windward Capital Management Co. CA Raises Position in Emerson Electric Co. (NYSE:EMR)

Windward Capital Management Co. CA increased its stake in Emerson Electric Co. (NYSE:EMRFree Report) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,045 shares of the industrial products company’s stock after purchasing an additional 287 shares during the period. Windward Capital Management Co. CA’s holdings in Emerson Electric were worth $3,800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC boosted its position in Emerson Electric by 105,280.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock valued at $5,227,354,000 after buying an additional 54,365,954 shares during the period. Norges Bank purchased a new position in Emerson Electric in the 4th quarter worth approximately $702,606,000. Morgan Stanley boosted its stake 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 valued at $1,136,909,000 after purchasing an additional 2,621,089 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in Emerson Electric by 255.5% in the 3rd 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 acquiring an additional 2,015,232 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake 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 valued at $723,873,000 after acquiring an additional 1,558,903 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.6 %

Shares of EMR opened at $111.73 on Tuesday. The company has a 50-day moving average of $103.20 and a 200 day moving average of $96.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $113.35. The firm has a market capitalization of $63.78 billion, a price-to-earnings ratio of 5.82, a PEG ratio of 1.95 and a beta of 1.36.

Emerson Electric (NYSE:EMRGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. On average, research analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.88%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EMR shares. UBS Group upped their price target on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Berenberg Bank lifted their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Barclays raised their target price on Emerson Electric from $91.00 to $95.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Mizuho increased their price objective on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Bank of America upped their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

View Our Latest Report on Emerson Electric

About Emerson Electric

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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