Massachusetts Financial Services Co. MA Acquires 430,838 Shares of Emerson Electric Co. (NYSE:EMR)

Massachusetts Financial Services Co. MA grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 213.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 632,614 shares of the industrial products company’s stock after buying an additional 430,838 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Emerson Electric were worth $78,400,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Howard Capital Management Group LLC increased its position in shares of Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 180 shares during the last quarter. Centiva Capital LP boosted its stake in Emerson Electric by 15.1% during the third quarter. Centiva Capital LP now owns 3,850 shares of the industrial products company’s stock worth $421,000 after buying an additional 506 shares during the period. Integrated Wealth Concepts LLC increased its position in Emerson Electric by 1.3% during the third quarter. Integrated Wealth Concepts LLC now owns 20,122 shares of the industrial products company’s stock valued at $2,201,000 after acquiring an additional 252 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Emerson Electric by 4.2% in the 3rd quarter. IHT Wealth Management LLC now owns 15,800 shares of the industrial products company’s stock worth $1,728,000 after acquiring an additional 643 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of Emerson Electric during the 3rd quarter worth about $123,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR stock opened at $94.47 on Friday. Emerson Electric Co. has a one year low of $92.23 and a one year high of $134.85. The firm has a market cap of $53.27 billion, a price-to-earnings ratio of 22.55, a PEG 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. The firm has a 50-day simple moving average of $118.39 and a two-hundred day simple moving average of $119.63.

Emerson Electric (NYSE:EMR) last released its quarterly 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 net margin of 13.74% and a return on equity of 12.08%. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent analyst reports. Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. Finally, KeyCorp lifted their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.94.

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.