47,921 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR acquired a new position in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 47,921 shares of the industrial products company’s stock, valued at approximately $5,939,000.

Other institutional investors have also bought and sold shares of the company. Stephens Consulting LLC bought a new stake in Emerson Electric in the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric in the fourth quarter worth about $27,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric in the third quarter worth about $29,000. YANKCOM Partnership bought a new stake in Emerson Electric in the fourth quarter worth about $30,000. Finally, Fiduciary Advisors Inc. bought a new stake in Emerson Electric in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EMR. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Morgan Stanley boosted their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Jefferies Financial Group started coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Finally, Loop Capital boosted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $136.22.

Emerson Electric Price Performance

Shares of EMR opened at $111.77 on Wednesday. The company has a market capitalization of $63.02 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The business’s 50-day moving average is $122.03 and its 200-day moving average is $119.07.

Emerson Electric (NYSE:EMR) last issued its 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 return on equity of 12.08% and a net margin of 13.74%. Equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.89%. Emerson Electric’s payout ratio is 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.