Emerson Electric Co. (NYSE:EMR) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its position in Emerson Electric Co. (NYSE:EMR) by 256.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,549 shares of the industrial products company’s stock after buying an additional 14,064 shares during the quarter. Vinva Investment Management Ltd’s holdings in Emerson Electric were worth $2,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of EMR. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $27,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at $29,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric during the 4th quarter worth $35,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 0.4 %

Emerson Electric stock opened at $112.28 on Thursday. 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 quick ratio of 1.17 and a current ratio of 1.54. The company has a market capitalization of $63.31 billion, a P/E ratio of 26.80, a PEG ratio of 2.49 and a beta of 1.36. The stock has a 50-day simple moving average of $121.86 and a 200-day simple moving average of $119.02.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. Equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed 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 1.88%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

EMR has been the subject of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lowered their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Barclays cut Emerson Electric from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $135.00 to $110.00 in a research note on Monday, March 10th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.