Bank of Hawaii Acquires 178 Shares of Emerson Electric Co. (NYSE:EMR)

Bank of Hawaii increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,216 shares of the industrial products company’s stock after purchasing an additional 178 shares during the quarter. Bank of Hawaii’s holdings in Emerson Electric were worth $1,514,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB raised its stake in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after buying an additional 30,741 shares during the last quarter. Geode Capital Management LLC grew its holdings in Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after purchasing an additional 162,985 shares during the period. Stokes Family Office LLC grew its holdings in Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock valued at $1,141,000 after purchasing an additional 4,480 shares during the period. GHP Investment Advisors Inc. grew its holdings in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock valued at $10,187,000 after purchasing an additional 6,321 shares during the period. Finally, World Investment Advisors boosted its stake in shares of Emerson Electric by 41.2% in the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock worth $2,581,000 after acquiring an additional 6,079 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 11.0 %

Shares of NYSE EMR opened at $104.55 on Thursday. 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 Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The business has a 50-day moving average of $115.29 and a 200-day moving average of $119.42. The firm has a market capitalization of $58.96 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 2.49 and a beta of 1.28.

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 analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts expect 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 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 annualized dividend and a yield of 2.02%. Emerson Electric’s payout ratio is 50.36%.

Analyst Ratings Changes

A number of equities analysts recently commented on EMR shares. Wells Fargo & Company lifted their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. lowered their price objective on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group started coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $132.72.

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.