Royal London Asset Management Ltd. Raises Stake in Emerson Electric Co. (NYSE:EMR)

Royal London Asset Management Ltd. grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 245,714 shares of the industrial products company’s stock after purchasing an additional 10,513 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Emerson Electric were worth $30,451,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Generali Investments Management Co LLC purchased a new stake in shares of Emerson Electric during the fourth quarter valued at $1,412,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Emerson Electric during the fourth quarter valued at $118,000. Vinva Investment Management Ltd boosted its stake in shares of Emerson Electric by 256.4% during the fourth quarter. Vinva Investment Management Ltd now owns 19,549 shares of the industrial products company’s stock valued at $2,429,000 after purchasing an additional 14,064 shares during the period. Stokes Family Office LLC boosted its stake in shares of Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock valued at $1,141,000 after purchasing an additional 4,480 shares during the period. Finally, Xponance Inc. boosted its stake in shares of Emerson Electric by 4.3% during the fourth quarter. Xponance Inc. now owns 85,204 shares of the industrial products company’s stock valued at $10,559,000 after purchasing an additional 3,524 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 0.6 %

Shares of NYSE:EMR opened at $111.73 on Friday. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The firm has a market capitalization of $63.00 billion, a price-to-earnings ratio of 26.67, 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 current ratio of 1.54 and a quick ratio of 1.17. The business’s 50 day moving average price is $121.69 and its 200-day moving average price is $118.97.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. On average, 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 disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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 1.89%. Emerson Electric’s payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research reports. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Citigroup assumed coverage on shares of Emerson Electric in a report on Monday. They set a “buy” rating and a $132.00 price objective on the stock. JPMorgan Chase & Co. cut their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $136.22.

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.