Dorsey & Whitney Trust CO LLC Raises Position in Emerson Electric Co. (NYSE:EMR)

Dorsey & Whitney Trust CO LLC raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,274 shares of the industrial products company’s stock after purchasing an additional 532 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Emerson Electric were worth $2,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the third quarter valued at approximately $25,000. Stephens Consulting LLC purchased a new stake in Emerson Electric during the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric during the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric during the third quarter valued at approximately $29,000. Finally, YANKCOM Partnership purchased a new stake in Emerson Electric during the fourth quarter valued at approximately $30,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Barclays increased their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Jefferies Financial Group began 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. Finally, BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $137.67.

Emerson Electric Stock Performance

Shares of EMR opened at $118.66 on Friday. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The stock has a fifty day moving average price of $123.64 and a 200-day moving average price of $118.63. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market cap of $66.91 billion, a PE ratio of 28.32, a P/E/G ratio of 2.49 and a beta of 1.36.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.78%. Emerson Electric’s dividend payout ratio is presently 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.