Optiver Holding B.V. Invests $193,000 in Emerson Electric Co. (NYSE:EMR)

Optiver Holding B.V. bought a new position in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,558 shares of the industrial products company’s stock, valued at approximately $193,000.

Several other institutional investors and hedge funds have also modified their holdings of EMR. Howard Capital Management Group LLC lifted its holdings in 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 worth $205,000 after buying an additional 180 shares in the last quarter. Morse Asset Management Inc acquired a new position in Emerson Electric during the 3rd quarter worth $123,000. Tudor Financial Inc. acquired a new position in Emerson Electric during the 3rd quarter worth $355,000. Anchor Investment Management LLC lifted its holdings in Emerson Electric by 4.4% during the 3rd quarter. Anchor Investment Management LLC now owns 30,627 shares of the industrial products company’s stock worth $3,350,000 after buying an additional 1,297 shares in the last quarter. Finally, World Investment Advisors LLC lifted its holdings in Emerson Electric by 20.7% during the 3rd quarter. World Investment Advisors LLC now owns 14,744 shares of the industrial products company’s stock worth $1,613,000 after buying an additional 2,532 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EMR shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Citigroup dropped their target price on shares of Emerson Electric from $132.00 to $119.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. KeyCorp dropped their target price on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Barclays dropped their target price on shares of Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.67.

Emerson Electric Stock Down 0.6 %

NYSE:EMR opened at $104.60 on Tuesday. The stock has a 50-day simple moving average of $108.88 and a 200 day simple moving average of $118.69. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The company has a market cap of $58.98 billion, a PE ratio of 24.96, a PEG ratio of 2.49 and a beta of 1.28. 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) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) 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, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

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.