Saturna Capital Corp Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Saturna Capital Corp purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,121 shares of the industrial products company’s stock, valued at approximately $1,130,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Swedbank AB grew its position in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC grew its holdings in Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after buying an additional 180 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the third quarter worth $25,000. CWA Asset Management Group LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at $437,000. Finally, Assetmark Inc. boosted its stake in shares of Emerson Electric by 16.5% during the third quarter. Assetmark Inc. now owns 7,759 shares of the industrial products company’s stock valued at $849,000 after acquiring an additional 1,097 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 1.1 %

Shares of Emerson Electric stock opened at $110.62 on Wednesday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The stock has a market cap of $62.38 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $123.12 and a 200 day moving average price of $118.82.

Emerson Electric (NYSE:EMR) last posted its earnings results 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%. Equities research analysts forecast 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 was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Ratings Changes

EMR has been the topic of a number of recent research reports. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. BNP Paribas began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. Wells Fargo & Company boosted their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday. Finally, Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.28.

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.