Y Intercept Hong Kong Ltd Acquires Shares of 20,589 Emerson Electric Co. (NYSE:EMR)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 20,589 shares of the industrial products company’s stock, valued at approximately $2,552,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB increased its position in shares of Emerson Electric by 120.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after buying an additional 30,741 shares during the period. Geode Capital Management LLC increased its position in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after purchasing an additional 162,985 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after purchasing an additional 5,393 shares during the last quarter. GHP Investment Advisors Inc. increased its position in shares of Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after purchasing an additional 6,321 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in shares of Emerson Electric in the third quarter worth approximately $443,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Shares of EMR stock opened at $120.63 on Tuesday. The stock has a fifty day moving average of $124.89 and a 200 day moving average of $117.81. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The firm has a market capitalization of $68.02 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 2.49 and a beta of 1.34. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last announced 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 return on equity of 12.08% and a net margin of 13.74%. As a group, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EMR. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Robert W. Baird increased their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Loop Capital increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

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.