KLP Kapitalforvaltning AS Takes $36.86 Million Position in Emerson Electric Co. (NYSE:EMR)

KLP Kapitalforvaltning AS bought a new stake in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 297,413 shares of the industrial products company’s stock, valued at approximately $36,858,000. KLP Kapitalforvaltning AS owned approximately 0.05% of Emerson Electric as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Stephens Consulting LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at about $27,000. YANKCOM Partnership bought a new position in shares of Emerson Electric in the fourth quarter valued at about $30,000. Fiduciary Advisors Inc. bought a new position in shares of Emerson Electric in the fourth quarter valued at about $35,000. Finally, BankPlus Trust Department bought a new position in shares of Emerson Electric in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

Emerson Electric stock opened at $112.92 on Friday. The firm has a market capitalization of $63.67 billion, a P/E ratio of 26.95, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The business has a 50-day moving average of $121.60 and a 200-day moving average of $119.14. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.87%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EMR shares. Wells Fargo & Company lifted their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup assumed coverage on Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Morgan Stanley boosted their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $136.22.

Emerson Electric Company 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.