Aurora Investment Counsel Grows Position in Emerson Electric Co. (NYSE:EMR)

Aurora Investment Counsel grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,344 shares of the industrial products company’s stock after purchasing an additional 506 shares during the quarter. Emerson Electric makes up approximately 1.2% of Aurora Investment Counsel’s portfolio, making the stock its 20th biggest position. Aurora Investment Counsel’s holdings in Emerson Electric were worth $1,980,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley lifted its stake in Emerson Electric by 7.9% in the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after acquiring an additional 1,008,294 shares during the period. Wells Fargo & Company MN raised its holdings in Emerson Electric by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock worth $1,036,982,000 after purchasing an additional 62,105 shares in the last quarter. Invesco Ltd. raised its holdings in Emerson Electric by 16.9% in the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after purchasing an additional 1,184,202 shares in the last quarter. Norges Bank bought a new position in Emerson Electric in the fourth quarter worth $764,604,000. Finally, Nordea Investment Management AB raised its holdings in Emerson Electric by 26.5% in the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after purchasing an additional 1,558,903 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on EMR. Loop Capital increased their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and raised their price target for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Royal Bank of Canada raised their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. KeyCorp raised their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Bank of America raised their price target on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $120.56.

Emerson Electric Stock Performance

NYSE:EMR traded down $2.19 on Thursday, hitting $112.49. The stock had a trading volume of 2,589,717 shares, compared to its average volume of 2,761,957. The stock has a market cap of $64.36 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 1.90 and a beta of 1.36. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The business’s 50-day simple moving average is $111.72 and its two-hundred day simple moving average is $101.76. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $116.76.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.11. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period last year, the firm posted $1.09 earnings per share. As a group, research analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.87%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

About Emerson Electric

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.