Renaissance Technologies LLC Has $84.31 Million Stake in Emerson Electric Co. (EMR)

Renaissance Technologies LLC lifted its stake in Emerson Electric Co. (NYSE:EMR) by 97.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,209,800 shares of the industrial products company’s stock after buying an additional 597,300 shares during the period. Renaissance Technologies LLC’s holdings in Emerson Electric were worth $84,311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Captrust Financial Advisors purchased a new position in Emerson Electric during the 2nd quarter valued at about $177,119,000. Longview Partners Guernsey LTD increased its holdings in Emerson Electric by 9.0% during the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after purchasing an additional 1,134,275 shares during the period. American Century Companies Inc. increased its holdings in Emerson Electric by 18.5% during the 4th quarter. American Century Companies Inc. now owns 5,525,308 shares of the industrial products company’s stock valued at $385,059,000 after purchasing an additional 861,558 shares during the period. Alyeska Investment Group L.P. purchased a new position in Emerson Electric during the 3rd quarter valued at about $49,644,000. Finally, BlackRock Inc. increased its holdings in Emerson Electric by 1.9% during the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock valued at $2,441,728,000 after purchasing an additional 778,791 shares during the period. Hedge funds and other institutional investors own 69.25% of the company’s stock.

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Emerson Electric Co. (NYSE:EMR) opened at $72.27 on Friday. Emerson Electric Co. has a twelve month low of $56.77 and a twelve month high of $74.45. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $45,880.00, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. sell-side analysts expect that Emerson Electric Co. will post 3.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 16th were given a $0.485 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.68%. Emerson Electric’s dividend payout ratio is currently 76.38%.

In other news, VP Bell Katherine Button sold 7,518 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $66.36, for a total value of $498,894.48. Following the sale, the vice president now directly owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.79% of the company’s stock.

EMR has been the topic of a number of research analyst reports. Cowen restated a “buy” rating and set a $72.00 price target on shares of Emerson Electric in a report on Wednesday, December 6th. Goldman Sachs Group restated a “neutral” rating and set a $66.00 price target on shares of Emerson Electric in a report on Friday, December 8th. JPMorgan Chase & Co. initiated coverage on Emerson Electric in a report on Wednesday, November 29th. They set a “neutral” rating on the stock. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Finally, Barclays initiated coverage on Emerson Electric in a report on Thursday, February 15th. They set an “overweight” rating and a $80.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $70.72.

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Emerson Electric Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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