Kensington Investment Counsel LLC Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Kensington Investment Counsel LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 33,662 shares of the industrial products company’s stock after buying an additional 920 shares during the period. Emerson Electric makes up 1.7% of Kensington Investment Counsel LLC’s holdings, making the stock its 16th largest holding. Kensington Investment Counsel LLC’s holdings in Emerson Electric were worth $4,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of EMR. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric in the 4th quarter valued at approximately $27,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at approximately $29,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the 4th quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.5 %

Shares of NYSE EMR opened at $113.58 on Tuesday. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The company has a market cap of $64.05 billion, a P/E ratio of 27.11, a P/E/G ratio of 2.49 and a beta of 1.36. 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 stock has a fifty day moving average price of $122.21 and a 200 day moving average price of $119.03.

Emerson Electric (NYSE:EMR) last announced 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%. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently issued reports on EMR. Daiwa Capital Markets began coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. KeyCorp upped their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Finally, Loop Capital increased their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target 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.