Perbak Capital Partners LLP Increases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Perbak Capital Partners LLP raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1,006.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 49,445 shares of the industrial products company’s stock after buying an additional 44,978 shares during the period. Emerson Electric accounts for 3.3% of Perbak Capital Partners LLP’s portfolio, making the stock its 9th biggest position. Perbak Capital Partners LLP’s holdings in Emerson Electric were worth $6,128,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Howard Capital Management Group LLC boosted its stake in shares of Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 180 shares during the last quarter. Morse Asset Management Inc purchased a new position in shares of Emerson Electric during the third quarter worth $123,000. Tudor Financial Inc. purchased a new stake in Emerson Electric during the third quarter worth about $355,000. Anchor Investment Management LLC boosted its position in Emerson Electric by 4.4% in the 3rd quarter. Anchor Investment Management LLC now owns 30,627 shares of the industrial products company’s stock valued at $3,350,000 after buying an additional 1,297 shares during the period. Finally, World Investment Advisors LLC grew its position in shares of Emerson Electric by 20.7% during the third quarter. World Investment Advisors LLC now owns 14,744 shares of the industrial products company’s stock worth $1,613,000 after buying an additional 2,532 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR stock opened at $104.60 on Tuesday. The firm has a market cap of $58.98 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 2.49 and a beta of 1.28. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $108.88 and its 200 day simple moving average is $118.69. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 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%. On average, analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business 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. This represents a $2.11 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Wednesday, April 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Barclays decreased their target price on shares of Emerson Electric from $105.00 to $99.00 and set an “underweight” rating on the stock in a research report on Thursday, April 10th. Morgan Stanley increased their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Finally, Daiwa Capital Markets started coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.