Emerson Electric Co. (NYSE:EMR) Shares Purchased by Bank of Hawaii

Bank of Hawaii boosted its stake in Emerson Electric Co. (NYSE:EMR) by 1.5% in the 4th quarter, Holdings Channel reports. The firm owned 12,216 shares of the industrial products company’s stock after buying an additional 178 shares during the quarter. Bank of Hawaii’s holdings in Emerson Electric were worth $1,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Emerson Electric during the 4th quarter valued at $28,000. YANKCOM Partnership bought a new position in Emerson Electric in the 4th quarter worth $30,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric in the 4th quarter worth $35,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 11.0 %

Shares of NYSE:EMR opened at $104.55 on Thursday. The firm has a market capitalization of $58.96 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average of $115.29 and a two-hundred day moving average of $119.42.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research reports. Morgan Stanley boosted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target for the company. JPMorgan Chase & Co. cut their price objective on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Barclays lowered their target price on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $132.72.

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.