Emerson Electric Co. (NYSE:EMR) Shares Acquired by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 206.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,213 shares of the industrial products company’s stock after purchasing an additional 63,476 shares during the period. Temasek Holdings Private Ltd’s holdings in Emerson Electric were worth $11,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Stokes Family Office LLC lifted its position in shares of 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 acquiring an additional 4,480 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in Emerson Electric by 8.3% in the 4th 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 in the last quarter. Clark Capital Management Group Inc. boosted its stake in Emerson Electric by 7.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company’s stock worth $749,000 after purchasing an additional 434 shares during the last quarter. World Investment Advisors grew its holdings in shares of Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock worth $2,581,000 after buying an additional 6,079 shares in the last quarter. Finally, Howland Capital Management LLC raised its position in shares of Emerson Electric by 13.0% in the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock valued at $3,283,000 after buying an additional 3,054 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.3%

NYSE EMR opened at $120.58 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The stock has a market capitalization of $67.83 billion, a P/E ratio of 28.78, a PEG ratio of 2.49 and a beta of 1.26. The firm’s 50-day moving average is $107.40 and its two-hundred day moving average is $118.93. 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 data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the business posted $1.36 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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 1.75%. Emerson Electric’s dividend payout ratio is currently 50.48%.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EMR. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Wells Fargo & Company upped their price target on Emerson Electric from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Citigroup boosted their price objective on Emerson Electric from $119.00 to $127.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Finally, Robert W. Baird cut their target price on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $132.24.

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.