IQ EQ FUND MANAGEMENT IRELAND Ltd Acquires New Position in Emerson Electric Co. (NYSE:EMR)

IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,307 shares of the industrial products company’s stock, valued at approximately $906,000.

Other large investors have also recently made changes to their positions in the company. Howard Capital Management Group LLC grew its holdings in shares of Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 180 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Emerson Electric by 164.3% during the third quarter. Loomis Sayles & Co. L P now owns 94,061 shares of the industrial products company’s stock valued at $10,287,000 after acquiring an additional 58,476 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Emerson Electric during the third quarter worth about $144,000. Townsquare Capital LLC grew its stake in shares of Emerson Electric by 4.9% in the third quarter. Townsquare Capital LLC now owns 11,851 shares of the industrial products company’s stock worth $1,296,000 after purchasing an additional 553 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Emerson Electric by 1,796.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 495,000 shares of the industrial products company’s stock valued at $54,138,000 after purchasing an additional 468,898 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Daiwa Capital Markets began coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. KeyCorp upped their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Wells Fargo & Company raised their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.94.

Emerson Electric Price Performance

Shares of EMR stock opened at $112.09 on Friday. The company’s 50-day simple moving average is $121.08 and its two-hundred day simple moving average is $119.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a market capitalization of $63.20 billion, a P/E ratio of 26.75, a P/E/G ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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%. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Emerson Electric Company 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.