Generali Investments Management Co LLC Acquires New Stake in Emerson Electric Co. (NYSE:EMR)

Generali Investments Management Co LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,397 shares of the industrial products company’s stock, valued at approximately $1,412,000.

Other hedge funds also recently bought and sold shares of the company. Stephens Consulting LLC purchased a new stake in Emerson Electric during the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric during the fourth quarter valued at $27,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the fourth quarter worth about $30,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the third quarter worth about $29,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of analyst reports. Citigroup initiated coverage on Emerson Electric in a research report on Monday. They issued a “buy” rating and a $132.00 price target for the company. Morgan Stanley upped their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Finally, Barclays cut Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $135.00 to $110.00 in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.22.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $111.77 on Wednesday. The stock has a 50 day moving average of $122.03 and a 200 day moving average of $119.07. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The firm has a market cap of $63.02 billion, a PE ratio of 26.67, a PEG ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is 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.