Rockefeller Capital Management L.P. Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Rockefeller Capital Management L.P. raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.2% in the fourth quarter, Holdings Channel reports. The firm owned 771,154 shares of the industrial products company’s stock after acquiring an additional 16,453 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Emerson Electric were worth $95,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Petros Family Wealth LLC purchased a new position in Emerson Electric in the 4th quarter worth approximately $1,078,000. Sterling Capital Management LLC raised its stake in shares of Emerson Electric by 683.8% in the fourth quarter. Sterling Capital Management LLC now owns 29,880 shares of the industrial products company’s stock worth $3,703,000 after purchasing an additional 26,068 shares during the last quarter. Clean Energy Transition LLP lifted its holdings in shares of Emerson Electric by 59.2% during the fourth quarter. Clean Energy Transition LLP now owns 1,658,298 shares of the industrial products company’s stock valued at $205,513,000 after purchasing an additional 616,730 shares in the last quarter. Heritage Trust Co bought a new stake in Emerson Electric in the 4th quarter worth about $1,444,000. Finally, Jaffetilchin Investment Partners LLC raised its position in Emerson Electric by 23.0% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 5,403 shares of the industrial products company’s stock worth $670,000 after buying an additional 1,010 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EMR shares. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Daiwa Capital Markets started coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut their price target on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $132.39.

Emerson Electric Stock Performance

NYSE EMR opened at $100.33 on Friday. The company has a market cap of $56.57 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.49 and a beta of 1.28. The business’s 50 day moving average price is $114.17 and its 200-day moving average price is $119.34. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

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, topping 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%. Sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 2.10%. Emerson Electric’s dividend payout ratio is currently 50.36%.

About Emerson Electric

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.