Rockefeller Capital Management L.P. Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Rockefeller Capital Management L.P. lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 771,154 shares of the industrial products company’s stock after purchasing an additional 16,453 shares during the period. Rockefeller Capital Management L.P. owned 0.14% of Emerson Electric worth $95,553,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Howard Capital Management Group LLC lifted its position in shares of Emerson Electric by 10.6% during 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 in the last quarter. Morse Asset Management Inc bought a new stake in shares of Emerson Electric during the third quarter valued at about $123,000. Sunbelt Securities Inc. grew its stake in Emerson Electric by 3.3% during the third quarter. Sunbelt Securities Inc. now owns 4,640 shares of the industrial products company’s stock valued at $508,000 after acquiring an additional 147 shares in the last quarter. Tudor Financial Inc. bought a new position in Emerson Electric in the 3rd quarter valued at $355,000. Finally, Anchor Investment Management LLC raised its position in shares of Emerson Electric by 4.4% in the third quarter. Anchor Investment Management LLC now owns 30,627 shares of the industrial products company’s stock worth $3,350,000 after buying an additional 1,297 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on EMR. Wells Fargo & Company boosted their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price objective on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday. Daiwa Capital Markets began coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Finally, KeyCorp cut their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $132.39.

Emerson Electric Stock Performance

Shares of EMR opened at $100.33 on Friday. The company has a 50-day simple moving average of $114.17 and a two-hundred day simple moving average of $119.34. 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 firm has a market capitalization of $56.57 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. On average, analysts anticipate that Emerson Electric Co. will post 5.96 EPS 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 paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Emerson Electric Company 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.