Fairfield Bush & CO. Invests $238,000 in Emerson Electric Co. (NYSE:EMR)

Fairfield Bush & CO. purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,922 shares of the industrial products company’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also bought and sold shares of EMR. Norges Bank bought a new stake in shares of Emerson Electric during the 4th quarter valued at $885,886,000. Raymond James Financial Inc. purchased a new stake in shares of Emerson Electric in the fourth quarter worth $297,947,000. Boston Partners raised its position in shares of Emerson Electric by 136.3% in the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock worth $411,944,000 after purchasing an additional 1,913,120 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Emerson Electric by 234.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock worth $252,313,000 after buying an additional 1,426,718 shares during the last quarter. Finally, Sarasin & Partners LLP lifted its stake in shares of Emerson Electric by 120.6% in the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after buying an additional 965,731 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $98.74 on Thursday. The company has a 50 day moving average price of $112.64 and a 200-day moving average price of $119.09. The company has a market capitalization of $55.68 billion, a PE ratio of 23.57, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 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%. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Wall Street Analyst Weigh In

Several brokerages have commented on EMR. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, April 11th. KeyCorp reduced their price objective on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company boosted their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

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.