DnB Asset Management AS Raises Holdings in Emerson Electric Co. (NYSE:EMR)

DnB Asset Management AS grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 14.3% during the 4th quarter, HoldingsChannel reports. The firm owned 868,437 shares of the industrial products company’s stock after buying an additional 108,664 shares during the period. DnB Asset Management AS’s holdings in Emerson Electric were worth $107,625,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Level Four Advisory Services LLC raised its stake in Emerson Electric by 4.8% during the fourth quarter. Level Four Advisory Services LLC now owns 11,752 shares of the industrial products company’s stock worth $1,457,000 after purchasing an additional 533 shares during the period. denkapparat Operations GmbH acquired a new position in Emerson Electric in the fourth quarter valued at about $245,000. Orion Portfolio Solutions LLC boosted its stake in Emerson Electric by 6.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 29,390 shares of the industrial products company’s stock worth $3,642,000 after buying an additional 1,803 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of Emerson Electric by 10.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 533,470 shares of the industrial products company’s stock valued at $66,113,000 after acquiring an additional 52,457 shares during the period. Finally, Broadway Wealth Solutions Inc. acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $263,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EMR shares. Morgan Stanley boosted their target price on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Jefferies Financial Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.94.

Emerson Electric Trading Down 1.3 %

EMR opened at $112.09 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. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The business’s 50 day moving average is $121.08 and its two-hundred day moving average is $119.41. The firm has a market cap of $63.20 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

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

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.88%. Emerson Electric’s payout ratio is currently 50.36%.

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.