American Century Companies Inc. Has $385.06 Million Stake in Emerson Electric Company (EMR)

American Century Companies Inc. raised its holdings in Emerson Electric Company (NYSE:EMR) by 18.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,525,308 shares of the industrial products company’s stock after acquiring an additional 861,558 shares during the quarter. American Century Companies Inc. owned about 0.87% of Emerson Electric worth $385,059,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Tower Research Capital LLC TRC acquired a new stake in Emerson Electric in the second quarter worth $109,000. Intellectus Partners LLC raised its holdings in Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 7 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Emerson Electric during the second quarter worth $129,000. Cerebellum GP LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth $129,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth $146,000. 69.44% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the transaction, the vice president now directly owns 178,743 shares in the company, valued at approximately $11,577,184.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $498,894.48. Following the sale, the vice president now directly owns 36,877 shares in the company, valued at $2,447,157.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,017 shares of company stock valued at $1,771,129. 0.79% of the stock is owned by corporate insiders.

Shares of Emerson Electric Company (NYSE EMR) traded up $1.37 during trading hours on Thursday, hitting $72.19. 566,250 shares of the stock traded hands, compared to its average volume of 3,579,916. The firm has a market cap of $44,679.87, a PE ratio of 28.75, a PEG ratio of 2.20 and a beta of 1.19. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. Emerson Electric Company has a one year low of $56.77 and a one year high of $74.45.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.54 by $0.04. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS. sell-side analysts forecast that Emerson Electric Company will post 3.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s dividend payout ratio is 78.23%.

A number of equities research analysts recently commented on EMR shares. Vertical Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Edward Jones downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen raised shares of Emerson Electric to a “buy” rating and set a $71.00 price objective for the company in a research report on Monday, October 23rd. Royal Bank of Canada reissued a “neutral” rating on shares of Emerson Electric in a research report on Thursday, November 9th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Emerson Electric in a research report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $69.67.

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About Emerson Electric

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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