Emerson Electric Co. (NYSE:EMR) Stock Holdings Lifted by Prudential Financial Inc.

Prudential Financial Inc. increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 145.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 934,070 shares of the industrial products company’s stock after acquiring an additional 553,861 shares during the quarter. Prudential Financial Inc.’s holdings in Emerson Electric were worth $115,759,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $297,947,000. Boston Partners lifted its stake in Emerson Electric by 136.3% in the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock valued at $411,944,000 after buying an additional 1,913,120 shares during the last quarter. State Street Corp boosted its holdings in shares of 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 acquiring an additional 1,507,980 shares during the period. Fisher Asset Management LLC grew its position in shares of Emerson Electric by 234.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock worth $252,313,000 after acquiring an additional 1,426,718 shares during the last quarter. Finally, Sarasin & Partners LLP increased its holdings in shares of Emerson Electric by 120.6% in the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after acquiring an additional 965,731 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 2.1 %

Shares of NYSE EMR opened at $115.44 on Tuesday. 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 Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a market cap of $65.09 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 2.49 and a beta of 1.36. The business has a fifty day simple moving average of $121.53 and a 200-day simple moving average of $119.38.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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%. Sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.83%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Analyst Ratings Changes

EMR has been the subject of several recent analyst reports. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Barclays cut Emerson Electric from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $135.00 to $110.00 in a research report on Monday, March 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Wells Fargo & Company raised 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. Finally, Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.22.

Emerson Electric 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.