Lord Abbett & CO. LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 412,500 shares of the industrial products company’s stock after buying an additional 26,800 shares during the period. Lord Abbett & CO. LLC owned approximately 0.07% of Emerson Electric worth $24,647,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc raised its holdings in shares of Emerson Electric by 2.4% during the third quarter. Vanguard Group Inc now owns 51,601,229 shares of the industrial products company’s stock valued at $3,951,622,000 after purchasing an additional 1,214,362 shares during the period. BlackRock Inc. raised its holdings in shares of Emerson Electric by 5.9% during the fourth quarter. BlackRock Inc. now owns 42,076,883 shares of the industrial products company’s stock valued at $2,514,093,000 after purchasing an additional 2,358,763 shares during the period. Capital World Investors raised its holdings in shares of Emerson Electric by 7.0% during the third quarter. Capital World Investors now owns 15,250,142 shares of the industrial products company’s stock valued at $1,167,856,000 after purchasing an additional 1,000,000 shares during the period. Northern Trust Corp raised its holdings in shares of Emerson Electric by 2.1% during the fourth quarter. Northern Trust Corp now owns 9,421,260 shares of the industrial products company’s stock valued at $562,921,000 after purchasing an additional 192,698 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Emerson Electric by 3,146,008.7% during the third quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock valued at $717,967,000 after purchasing an additional 9,375,106 shares during the period. Institutional investors and hedge funds own 71.54% of the company’s stock.

NYSE:EMR opened at $67.33 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The stock has a market cap of $41.38 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, February 5th. The industrial products company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.66 by $0.08. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.21 billion. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. On average, equities analysts predict that Emerson Electric Co. will post 3.7 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 15th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Thursday, February 14th. Emerson Electric’s payout ratio is presently 57.99%.

Several equities analysts have recently weighed in on EMR shares. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th. Royal Bank of Canada lowered shares of Emerson Electric from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $68.00 to $61.00 in a report on Thursday, January 3rd. Wells Fargo & Co dropped their price objective on shares of Emerson Electric from $77.00 to $69.00 and set a “market perform” rating on the stock in a report on Wednesday, December 19th. They noted that the move was a valuation call. Credit Suisse Group upgraded shares of Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 price objective on the stock in a report on Thursday, January 3rd. Finally, Stephens started coverage on shares of Emerson Electric in a report on Monday, November 19th. They set an “overweight” rating and a $80.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $76.28.

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Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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