1,669 Shares in Emerson Electric Co. (NYSE:EMR) Acquired by Diversified Portfolios Inc.

Diversified Portfolios Inc. bought a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,669 shares of the industrial products company’s stock, valued at approximately $207,000.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp increased its holdings in Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares during the period. Wellington Management Group LLP increased its holdings in shares of Emerson Electric by 4.2% in the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after purchasing an additional 581,102 shares during the period. Geode Capital Management LLC raised its position in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares in the last quarter. Nordea Investment Management AB boosted its stake in Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after buying an additional 375,470 shares during the period. Finally, Van ECK Associates Corp grew its position in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after buying an additional 2,016,075 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Up 0.1 %

Shares of EMR opened at $126.94 on Wednesday. The firm has a fifty day simple moving average of $126.24 and a two-hundred day simple moving average of $116.95. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The stock has a market capitalization of $72.30 billion, a P/E ratio of 30.30, a PEG ratio of 2.16 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

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, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, research analysts anticipate that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research analyst reports. 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 price target for the company. KeyCorp boosted their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. BNP Paribas began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Finally, UBS Group assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

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.