Bank Julius Baer & Co. Ltd Zurich Boosts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 49.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 90,722 shares of the industrial products company’s stock after buying an additional 30,175 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Emerson Electric were worth $8,830,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Strategic Blueprint LLC boosted its holdings in shares of Emerson Electric by 11.1% during the 3rd quarter. Strategic Blueprint LLC now owns 7,038 shares of the industrial products company’s stock worth $680,000 after purchasing an additional 701 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth approximately $209,000. Oak Thistle LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth approximately $917,000. WASHINGTON TRUST Co lifted its holdings in Emerson Electric by 3.5% in the third quarter. WASHINGTON TRUST Co now owns 5,896 shares of the industrial products company’s stock valued at $569,000 after acquiring an additional 200 shares during the last quarter. Finally, Czech National Bank lifted its holdings in Emerson Electric by 47.6% in the third quarter. Czech National Bank now owns 99,886 shares of the industrial products company’s stock valued at $9,646,000 after acquiring an additional 32,232 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EMR has been the topic of a number of recent analyst reports. Barclays upped their price objective on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada upped their price objective on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. UBS Group upped their price objective on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Berenberg Bank upped their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Citigroup upped their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $116.25.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is currently owned by corporate insiders.

Emerson Electric Stock Up 0.2 %

Shares of Emerson Electric stock traded up $0.27 during trading hours on Friday, reaching $109.87. 1,364,492 shares of the company were exchanged, compared to its average volume of 2,603,198. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The stock’s fifty day moving average is $110.31 and its 200 day moving average is $99.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The firm has a market cap of $62.71 billion, a PE ratio of 5.71, a PEG ratio of 1.90 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. Emerson Electric’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 earnings per share. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.91%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

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.