National Pension Service Buys 42,890 Shares of Emerson Electric Co. (NYSE:EMR)

National Pension Service grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,353,457 shares of the industrial products company’s stock after purchasing an additional 42,890 shares during the quarter. National Pension Service owned about 0.24% of Emerson Electric worth $131,732,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Lindbrook Capital LLC increased its stake in shares of Emerson Electric by 50.7% during the 3rd quarter. Lindbrook Capital LLC now owns 1,621 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 545 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Emerson Electric by 3.0% in the third quarter. Mackenzie Financial Corp now owns 51,474 shares of the industrial products company’s stock valued at $4,882,000 after buying an additional 1,504 shares during the last quarter. FORVIS Wealth Advisors LLC boosted its stake in shares of Emerson Electric by 1.0% during the 3rd quarter. FORVIS Wealth Advisors LLC now owns 12,081 shares of the industrial products company’s stock worth $1,167,000 after acquiring an additional 125 shares during the period. NBT Bank N A NY raised its stake in Emerson Electric by 40.5% in the 3rd quarter. NBT Bank N A NY now owns 18,931 shares of the industrial products company’s stock valued at $1,828,000 after acquiring an additional 5,458 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its holdings in Emerson Electric by 3.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,660 shares of the industrial products company’s stock valued at $691,000 after purchasing an additional 241 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR traded up $5.25 during midday trading on Wednesday, hitting $112.65. The company’s stock had a trading volume of 6,046,909 shares, compared to its average volume of 2,820,472. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26. The stock has a market capitalization of $64.30 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. The company’s fifty day simple moving average is $110.61 and its two-hundred day simple moving average is $99.95.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.04 by $0.18. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share. As a group, equities analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.86%. Emerson Electric’s payout ratio is presently 10.94%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. KeyCorp raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. UBS Group boosted their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Citigroup lifted their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Mizuho increased their price objective on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Berenberg Bank upped their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.07.

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.