Boston Partners Acquires 1,913,120 Shares of Emerson Electric Co. (NYSE:EMR)

Boston Partners increased its position in Emerson Electric Co. (NYSE:EMR) by 136.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,316,466 shares of the industrial products company’s stock after purchasing an additional 1,913,120 shares during the quarter. Boston Partners’ holdings in Emerson Electric were worth $411,944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of EMR. Raymond James Financial Inc. bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $297,947,000. State Street Corp raised its holdings in shares of Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares during the period. Fisher Asset Management LLC grew its stake in Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock valued at $252,313,000 after buying an additional 1,426,718 shares during the last quarter. Swedbank AB grew its stake in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Finally, Sarasin & Partners LLP grew its stake in Emerson Electric by 120.6% in the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock valued at $218,889,000 after buying an additional 965,731 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $113.58 on Tuesday. The company has a market cap of $64.05 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $122.21 and a 200 day simple moving average of $119.03. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85.

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

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Ratings Changes

A number of research analysts recently commented on EMR shares. Morgan Stanley upped their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. KeyCorp upped their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Wells Fargo & Company increased their target price 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. Finally, Citigroup began coverage on shares of Emerson Electric in a research report on Monday. They set a “buy” rating and a $132.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.22.

Emerson Electric Company 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.