QRG Capital Management Inc. Buys 1,864 Shares of Emerson Electric Co. (NYSE:EMR)

QRG Capital Management Inc. increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 159,407 shares of the industrial products company’s stock after acquiring an additional 1,864 shares during the period. QRG Capital Management Inc.’s holdings in Emerson Electric were worth $19,755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Swedbank AB increased its holdings in Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. Howard Capital Management Group LLC increased its holdings in Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 180 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Emerson Electric by 24.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,643 shares of the industrial products company’s stock valued at $4,439,000 after purchasing an additional 8,064 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Emerson Electric by 87.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,441 shares of the industrial products company’s stock valued at $486,000 after purchasing an additional 2,072 shares in the last quarter. Finally, Orrstown Financial Services Inc. acquired a new stake in Emerson Electric during the 3rd quarter valued at $202,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $119.72 on Thursday. 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 Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The firm’s 50 day moving average price is $124.67 and its two-hundred day moving average price is $117.94. The firm has a market cap of $67.51 billion, a P/E ratio of 28.57, a PEG ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm 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 $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 1.76%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Loop Capital raised their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird upped their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently 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.