Oppenheimer Asset Management Inc. Invests $100,000 in Emerson Electric Co. (EMR) Stock

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Oppenheimer Asset Management Inc. bought a new stake in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,688 shares of the industrial products company’s stock, valued at approximately $100,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc increased its stake in Emerson Electric by 2.4% in the third quarter. Vanguard Group Inc now owns 51,601,229 shares of the industrial products company’s stock valued at $3,951,622,000 after acquiring an additional 1,214,362 shares during the period. Capital World Investors increased its stake in Emerson Electric by 7.0% in the third quarter. Capital World Investors now owns 15,250,142 shares of the industrial products company’s stock valued at $1,167,856,000 after acquiring an additional 1,000,000 shares during the period. Bank of New York Mellon Corp increased its stake in Emerson Electric by 3,146,008.7% in the third quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock valued at $717,967,000 after acquiring an additional 9,375,106 shares during the period. FMR LLC increased its stake in Emerson Electric by 11.4% in the third quarter. FMR LLC now owns 3,822,068 shares of the industrial products company’s stock valued at $292,693,000 after acquiring an additional 391,320 shares during the period. Finally, Legal & General Group Plc increased its stake in Emerson Electric by 4.7% in the third quarter. Legal & General Group Plc now owns 3,254,783 shares of the industrial products company’s stock valued at $249,269,000 after acquiring an additional 145,296 shares during the period. 71.76% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total transaction of $616,760.00. Following the transaction, the insider now directly owns 20,000 shares in the company, valued at $1,360,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

EMR has been the topic of a number of analyst reports. Cowen reissued a “buy” rating and issued a $81.00 target price on shares of Emerson Electric in a research note on Tuesday, November 6th. UBS Group set a $85.00 price objective on shares of Emerson Electric and gave the stock a “buy” rating in a research note on Thursday, November 8th. Deutsche Bank set a $79.00 price objective on shares of Emerson Electric and gave the stock a “buy” rating in a research note on Wednesday, November 7th. Stephens reaffirmed a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a research note on Sunday, January 6th. Finally, Morgan Stanley set a $77.00 price objective on shares of Emerson Electric and gave the stock a “buy” rating in a research note on Friday, February 8th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $76.28.

Shares of Emerson Electric stock opened at $67.89 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The stock has a market cap of $41.98 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.14 and a beta of 1.20. Emerson Electric Co. has a 1-year low of $55.38 and a 1-year high of $79.70.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the business earned $0.61 earnings per share. Emerson Electric’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities analysts anticipate that Emerson Electric Co. will post 3.7 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Friday, February 15th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, February 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.89%. Emerson Electric’s payout ratio is 57.99%.

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Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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

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