Naples Global Advisors LLC Purchases 280 Shares of Emerson Electric Co. (NYSE:EMR)

Naples Global Advisors LLC grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.9% in the fourth quarter, Holdings Channel reports. The fund owned 32,863 shares of the industrial products company’s stock after buying an additional 280 shares during the quarter. Naples Global Advisors LLC’s holdings in Emerson Electric were worth $4,073,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EMR. State Street Corp lifted its position in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Emerson Electric by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock valued at $1,591,612,000 after acquiring an additional 581,102 shares during the last quarter. Geode Capital Management LLC grew its position in 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 acquiring an additional 162,985 shares in the last quarter. Nordea Investment Management AB increased its stake in Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after acquiring an additional 375,470 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $124.45 on Thursday. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The stock’s fifty day moving average price is $126.24 and its 200-day moving average price is $116.95. The firm has a market cap of $70.88 billion, a P/E ratio of 29.70, a P/E/G ratio of 2.16 and a beta of 1.34. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate 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 research analysts expect that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.70%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EMR. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Morgan Stanley lifted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Barclays increased their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

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.