Brevan Howard Capital Management LP Purchases Shares of 4,066 Emerson Electric Co. (NYSE:EMR)

Brevan Howard Capital Management LP acquired a new position in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,066 shares of the industrial products company’s stock, valued at approximately $504,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Emerson Electric by 2.9% in the third quarter. Principal Financial Group Inc. now owns 812,976 shares of the industrial products company’s stock worth $88,915,000 after acquiring an additional 23,205 shares during the period. First Hawaiian Bank raised its stake in shares of Emerson Electric by 84.4% during the 4th quarter. First Hawaiian Bank now owns 5,891 shares of the industrial products company’s stock valued at $730,000 after buying an additional 2,696 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Emerson Electric by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 354,034 shares of the industrial products company’s stock worth $43,875,000 after buying an additional 983 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in Emerson Electric by 6.3% during the fourth quarter. ST Germain D J Co. Inc. now owns 16,042 shares of the industrial products company’s stock worth $1,988,000 after acquiring an additional 948 shares during the period. Finally, LVM Capital Management Ltd. MI acquired a new position in Emerson Electric in the fourth quarter valued at approximately $209,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.2 %

Shares of NYSE EMR opened at $112.55 on Friday. The stock has a market cap of $63.47 billion, a PE ratio of 26.86, a P/E/G ratio of 2.49 and a beta of 1.26. 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 company has a 50-day moving average of $106.79 and a 200 day moving average of $118.45.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.87%. Emerson Electric’s payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EMR shares. KeyCorp cut their target price on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Morgan Stanley increased their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Daiwa Capital Markets started coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Robert W. Baird lowered their price target on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. cut 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, April 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $130.88.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

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.