Natixis Advisors LLC Purchases 29,022 Shares of Emerson Electric Co. (NYSE:EMR)

Natixis Advisors LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 360,988 shares of the industrial products company’s stock after purchasing an additional 29,022 shares during the quarter. Natixis Advisors LLC’s holdings in Emerson Electric were worth $44,737,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Van Strum & Towne Inc. boosted its position in shares of Emerson Electric by 0.7% during the fourth quarter. Van Strum & Towne Inc. now owns 46,659 shares of the industrial products company’s stock valued at $5,782,000 after purchasing an additional 341 shares in the last quarter. Catalyst Funds Management Pty Ltd boosted its holdings in Emerson Electric by 83.3% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 6,600 shares of the industrial products company’s stock worth $818,000 after acquiring an additional 3,000 shares in the last quarter. Zevin Asset Management LLC boosted its holdings in Emerson Electric by 9.5% in the fourth quarter. Zevin Asset Management LLC now owns 151,452 shares of the industrial products company’s stock worth $18,769,000 after acquiring an additional 13,110 shares in the last quarter. Buckley Wealth Management LLC bought a new stake in Emerson Electric in the fourth quarter worth $224,000. Finally, Wellington Shields & Co. LLC boosted its holdings in Emerson Electric by 2.7% in the fourth quarter. Wellington Shields & Co. LLC now owns 6,360 shares of the industrial products company’s stock worth $788,000 after acquiring an additional 167 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 2.7 %

Emerson Electric stock opened at $112.11 on Monday. The stock has a market cap of $63.22 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. 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 one year low of $96.62 and a one year high of $134.85. The stock has a fifty day moving average of $122.37 and a 200 day moving average of $118.96.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 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 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. 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 report on Wednesday, January 15th. KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Daiwa Capital Markets assumed coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. Loop Capital boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Morgan Stanley boosted their price target on Emerson Electric from $105.00 to $112.00 and gave the stock 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, 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.