Candriam Luxembourg S.C.A. Increases Stake in Emerson Electric Company (EMR)

Candriam Luxembourg S.C.A. grew its holdings in Emerson Electric Company (NYSE:EMR) by 6.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 312,157 shares of the industrial products company’s stock after buying an additional 19,363 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Emerson Electric were worth $21,758,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Captrust Financial Advisors acquired a new position in shares of Emerson Electric during the second quarter worth about $177,119,000. Longview Partners Guernsey LTD increased its stake in shares of Emerson Electric by 9.0% during the third quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock worth $864,573,000 after acquiring an additional 1,134,275 shares during the period. American Century Companies Inc. increased its stake in shares of Emerson Electric by 18.5% during the fourth quarter. American Century Companies Inc. now owns 5,525,308 shares of the industrial products company’s stock worth $385,059,000 after acquiring an additional 861,558 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of Emerson Electric during the third quarter worth about $49,644,000. Finally, BlackRock Inc. increased its stake in shares of Emerson Electric by 1.9% during the second quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after acquiring an additional 778,791 shares during the period. 69.44% of the stock is owned by institutional investors and hedge funds.

In other Emerson Electric news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the sale, the vice president now owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $65.74, for a total transaction of $623,872.60. Following the completion of the sale, the chief operating officer now directly owns 168,984 shares in the company, valued at approximately $11,109,008.16. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock worth $1,771,129 over the last 90 days. 0.84% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on EMR shares. Edward Jones lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Wells Fargo & Co reiterated a “market perform” rating and set a $65.00 price target (up from $60.00) on shares of Emerson Electric in a research note on Wednesday, November 8th. Bank of America upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $64.44 to $79.00 in a research note on Tuesday, October 17th. Cowen reiterated a “buy” rating and set a $72.00 price target on shares of Emerson Electric in a research note on Wednesday, December 20th. Finally, Citigroup set a $61.00 price target on shares of Emerson Electric and gave the stock a “sell” rating in a research note on Tuesday, November 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $67.65.

Emerson Electric Company (EMR) opened at $70.38 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. Emerson Electric Company has a 1 year low of $56.77 and a 1 year high of $74.45. The firm has a market cap of $45,170.00, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.38 and a beta of 1.19.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. equities analysts anticipate that Emerson Electric Company will post 3.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 16th will be given a dividend of $0.485 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.94 annualized dividend and a yield of 2.76%. Emerson Electric’s payout ratio is currently 74.62%.

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Emerson Electric Company 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.

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

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