Pettee Investors Inc. Grows Holdings in Emerson Electric Co. (NYSE:EMR)

Pettee Investors Inc. grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,108 shares of the industrial products company’s stock after acquiring an additional 275 shares during the period. Pettee Investors Inc.’s holdings in Emerson Electric were worth $1,501,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Argentarii LLC bought a new position in Emerson Electric during the fourth quarter worth $1,569,000. OFI Invest Asset Management bought a new position in Emerson Electric during the fourth quarter worth $1,420,000. Amundi lifted its stake in Emerson Electric by 15.4% during the fourth quarter. Amundi now owns 2,209,372 shares of the industrial products company’s stock worth $265,787,000 after purchasing an additional 294,685 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Emerson Electric by 2.8% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 19,274 shares of the industrial products company’s stock worth $2,389,000 after purchasing an additional 532 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC lifted its stake in Emerson Electric by 0.8% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 38,498 shares of the industrial products company’s stock worth $4,771,000 after purchasing an additional 300 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

NYSE:EMR opened at $118.66 on Friday. The business’s 50-day moving average price is $123.64 and its 200 day moving average price is $118.63. The firm has a market cap of $66.91 billion, a P/E ratio of 28.32, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EMR shares. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company increased their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Barclays increased their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. dropped their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $137.67.

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.