Emerson Electric Co. (NYSE:EMR) Shares Purchased by Korea Investment CORP

Korea Investment CORP grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 396,227 shares of the industrial products company’s stock after buying an additional 11,321 shares during the period. Korea Investment CORP’s holdings in Emerson Electric were worth $49,104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Stephens Consulting LLC acquired a new position in Emerson Electric during the 4th quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric in the fourth quarter worth about $28,000. YANKCOM Partnership bought a new position in Emerson Electric in the 4th quarter valued at about $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric during the 4th quarter valued at about $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $112.09 on Friday. The company has a market cap of $63.20 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company’s fifty day moving average is $121.08 and its two-hundred day moving average is $119.41. 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.

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

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date 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 50.36%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Morgan Stanley increased their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.94.

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.