11,863 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by OFI Invest Asset Management

OFI Invest Asset Management acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,863 shares of the industrial products company’s stock, valued at approximately $1,420,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the third quarter valued at approximately $25,000. Stephens Consulting LLC acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric in the third quarter valued at approximately $29,000. Finally, YANKCOM Partnership acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $118.66 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The firm has a market cap of $66.91 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 2.49 and a beta of 1.36. The business’s fifty day moving average is $123.64 and its 200 day moving average is $118.73.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently issued reports on EMR shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut 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. KeyCorp lifted their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Daiwa Capital Markets started coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $137.67.

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.