Massachusetts Financial Services Co. MA Buys New Stake in Emerson Electric Co. (NYSE:EMR)

Massachusetts Financial Services Co. MA acquired a new stake in shares of Emerson Electric Co. (NYSE:EMRFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 205,526 shares of the industrial products company’s stock, valued at approximately $20,004,000.

Several other large investors also recently modified their holdings of the stock. Morgan Stanley lifted its holdings in Emerson Electric by 7.9% during the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after purchasing an additional 1,008,294 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Emerson Electric by 16.9% during the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after buying an additional 1,184,202 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Emerson Electric by 26.5% in the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after acquiring an additional 1,558,903 shares during the last quarter. Northern Trust Corp grew its position in Emerson Electric by 2.4% during the 3rd quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock worth $692,176,000 after acquiring an additional 168,783 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in Emerson Electric by 1.8% during the 3rd quarter. Stifel Financial Corp now owns 4,557,738 shares of the industrial products company’s stock valued at $440,145,000 after purchasing an additional 80,451 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on EMR shares. Royal Bank of Canada increased their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Berenberg Bank raised their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Robert W. Baird reduced their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Barclays boosted their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Finally, Citigroup lifted their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.56.

Get Our Latest Research Report on Emerson Electric

Emerson Electric Stock Up 0.1 %

Emerson Electric stock opened at $112.88 on Friday. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $116.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The firm has a market capitalization of $64.58 billion, a price-to-earnings ratio of 6.04, a PEG ratio of 1.93 and a beta of 1.36. The company’s 50 day simple moving average is $111.49 and its 200 day simple moving average is $101.28.

Emerson Electric (NYSE:EMRGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The firm’s revenue was up 16.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, May 16th. Emerson Electric’s dividend payout ratio is 11.24%.

Emerson Electric Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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