Amundi Grows Stock Position in Emerson Electric Co. (NYSE:EMR)

Amundi increased its holdings in Emerson Electric Co. (NYSE:EMR) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,209,372 shares of the industrial products company’s stock after buying an additional 294,685 shares during the period. Amundi’s holdings in Emerson Electric were worth $265,787,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the 3rd quarter valued at about $25,000. Stephens Consulting LLC purchased a new position in Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the 4th quarter valued at about $27,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric in the 3rd quarter valued at about $29,000. Finally, YANKCOM Partnership purchased a new position in Emerson Electric in the 4th quarter valued at about $30,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $118.66 on Friday. 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 business’s 50 day moving average is $123.64 and its two-hundred day moving average is $118.63. The company has a market cap of $66.91 billion, a P/E ratio of 28.32, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

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

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Friday, February 14th. Emerson Electric’s payout ratio is presently 50.36%.

Analysts Set New Price Targets

A number of research firms have recently commented on EMR. BNP Paribas began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, UBS Group began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

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.