Emerson Electric Company (EMR) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group lifted its stake in Emerson Electric Company (NYSE:EMR) by 13.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,467,360 shares of the industrial products company’s stock after purchasing an additional 173,303 shares during the quarter. Schroder Investment Management Group’s holdings in Emerson Electric were worth $102,260,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Emerson Electric by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after acquiring an additional 497,625 shares during the period. BlackRock Inc. lifted its stake in shares of Emerson Electric by 1.9% in the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after acquiring an additional 778,791 shares during the period. Longview Partners Guernsey LTD lifted its stake in shares of Emerson Electric by 4.1% in the 4th quarter. Longview Partners Guernsey LTD now owns 14,322,835 shares of the industrial products company’s stock worth $998,158,000 after acquiring an additional 564,510 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Emerson Electric by 4.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock worth $839,288,000 after acquiring an additional 597,993 shares during the period. Finally, Capital World Investors lifted its stake in shares of Emerson Electric by 4.6% in the 2nd quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock worth $682,649,000 after acquiring an additional 500,000 shares during the period. 68.27% of the stock is owned by institutional investors.

Shares of Emerson Electric Company (EMR) opened at $72.99 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.02. The company has a market cap of $46,336.80, a P/E ratio of 27.34, a P/E/G ratio of 2.29 and a beta of 1.19. Emerson Electric Company has a 12-month low of $56.77 and a 12-month high of $74.45.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS. research analysts forecast that Emerson Electric Company will post 3.13 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be given a $0.485 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.94 annualized dividend and a dividend yield of 2.66%. Emerson Electric’s dividend payout ratio (DPR) is presently 78.23%.

Several analysts recently commented on EMR shares. Cowen reissued a “buy” rating and set a $72.00 target price on shares of Emerson Electric in a research note on Wednesday, December 6th. Stifel Nicolaus reissued a “buy” rating and set a $72.00 target price (up from $68.00) on shares of Emerson Electric in a research note on Thursday, November 9th. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. UBS Group started coverage on shares of Emerson Electric in a research note on Monday, January 22nd. They set a “buy” rating and a $73.26 target price for the company. Finally, Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Emerson Electric has a consensus rating of “Hold” and an average price target of $69.67.

In related news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the sale, the vice president now owns 178,743 shares in the company, valued at approximately $11,577,184.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Bell Katherine Button sold 7,909 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total transaction of $512,345.02. Following the completion of the sale, the vice president now owns 44,628 shares of the company’s stock, valued at approximately $2,891,001.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,017 shares of company stock valued at $1,771,129. 0.84% of the stock is owned by insiders.

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Emerson Electric Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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

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