Sava Infond d.o.o. Purchases New Holdings in Emerson Electric Co. (NYSE:EMR)

Sava Infond d.o.o. acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) in the 4th quarter, HoldingsChannel reports. The firm acquired 9,640 shares of the industrial products company’s stock, valued at approximately $1,195,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Emerson Electric by 8.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,022,975 shares of the industrial products company’s stock valued at $126,276,000 after purchasing an additional 78,716 shares in the last quarter. Korea Investment CORP lifted its stake in shares of Emerson Electric by 2.9% in the fourth quarter. Korea Investment CORP now owns 396,227 shares of the industrial products company’s stock worth $49,104,000 after buying an additional 11,321 shares in the last quarter. Penobscot Investment Management Company Inc. grew its stake in Emerson Electric by 1.6% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 30,327 shares of the industrial products company’s stock valued at $3,758,000 after acquiring an additional 489 shares in the last quarter. Ipsen Advisor Group LLC acquired a new stake in Emerson Electric in the 4th quarter valued at about $399,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR opened at $113.60 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a market cap of $64.06 billion, a P/E ratio of 27.11, a P/E/G ratio of 2.49 and a beta of 1.36. The stock has a 50-day moving average of $121.30 and a two-hundred day moving average of $119.46. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85.

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

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.86%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EMR. Daiwa Capital Markets began coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. JPMorgan Chase & Co. lowered their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Barclays cut their price objective on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a research report on Wednesday. Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Morgan Stanley raised their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $135.94.

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.