Emerson Electric Co. (NYSE:EMR) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 299.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 376,329 shares of the industrial products company’s stock after acquiring an additional 282,126 shares during the quarter. APG Asset Management N.V.’s holdings in Emerson Electric were worth $45,040,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric in the fourth quarter worth $28,000. YANKCOM Partnership purchased a new stake in shares of Emerson Electric during the fourth quarter worth $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $35,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $93.53 on Wednesday. The business’s 50 day simple moving average is $116.31 and its 200-day simple moving average is $119.52. The firm has a market capitalization of $52.74 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 12 month low of $89.36 and a 12 month high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last announced 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%. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.26%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EMR shares. JPMorgan Chase & Co. cut their price target on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Barclays reduced their price objective on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a report on Wednesday, March 26th. Daiwa Capital Markets initiated coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.72.

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.