Brown Brothers Harriman & Co. Acquires 1,579 Shares of Emerson Electric Co. (NYSE:EMR)

Brown Brothers Harriman & Co. boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,076 shares of the industrial products company’s stock after acquiring an additional 1,579 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Emerson Electric were worth $6,206,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on EMR shares. JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Citigroup initiated coverage on Emerson Electric in a research note on Monday, March 17th. They set a “buy” rating and a $132.00 target price on the stock. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.94.

Emerson Electric Stock Performance

Shares of EMR opened at $108.56 on Friday. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The stock’s 50-day simple moving average is $120.75 and its 200 day simple moving average is $119.61. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The stock has a market capitalization of $61.22 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released 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%. Research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors 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 1.94%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend 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.