BLI Banque de Luxembourg Investments Invests $1.31 Million in Emerson Electric Co. (NYSE:EMR)

by · The Cerbat Gem

BLI Banque de Luxembourg Investments acquired a new position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,499 shares of the industrial products company’s stock, valued at approximately $1,305,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC bought a new position in shares of Emerson Electric during the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric in the 4th quarter worth $28,000. YANKCOM Partnership bought a new stake in Emerson Electric in the fourth quarter worth $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric during the fourth quarter valued at about $35,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on EMR. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Citigroup lowered their price target on shares of Emerson Electric from $132.00 to $119.00 and set a “buy” rating for the company in a report on Monday, April 14th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Morgan Stanley upped their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.67.

View Our Latest Research Report on Emerson Electric

Emerson Electric Price Performance

Shares of EMR opened at $108.41 on Monday. The firm’s 50-day simple moving average is $107.63 and its two-hundred day simple moving average is $118.56. The stock has a market cap of $61.13 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. 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 (NYSE:EMR – Get Free Report) last issued 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 net margin of 13.74% and a return on equity of 12.08%. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.95%. Emerson Electric’s payout ratio is 50.36%.

About Emerson Electric

(Free Report)

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.

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