Tocqueville Asset Management L.P. Buys 48,084 Shares of Emerson Electric Co. (NYSE:EMR)

Tocqueville Asset Management L.P. grew its stake in Emerson Electric Co. (NYSE:EMR) by 17.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,955 shares of the industrial products company’s stock after acquiring an additional 48,084 shares during the period. Tocqueville Asset Management L.P.’s holdings in Emerson Electric were worth $40,520,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Stephens Consulting LLC bought a new position in Emerson Electric in the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter worth $27,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the third quarter valued at $29,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric in the fourth quarter valued at about $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric in the fourth quarter worth about $35,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 1.5 %

NYSE:EMR opened at $113.58 on Tuesday. The company’s 50 day moving average is $122.21 and its two-hundred day moving average is $119.03. The company has a market cap of $64.05 billion, a PE ratio of 27.11, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last released its 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 return on equity of 12.08% and a net margin of 13.74%. Analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

Analyst Upgrades and Downgrades

EMR has been the subject of several recent research reports. Morgan Stanley boosted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Wells Fargo & Company boosted their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Daiwa Capital Markets started coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $136.22.

About Emerson Electric

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.