American Century Companies Inc. Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

American Century Companies Inc. reduced its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 52.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,187,830 shares of the industrial products company's stock after selling 1,310,569 shares during the quarter. American Century Companies Inc. owned approximately 0.21% of Emerson Electric worth $147,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. GDS Wealth Management lifted its holdings in shares of Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock worth $491,000 after buying an additional 79 shares during the period. Mcdonald Partners LLC raised its holdings in shares of Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock valued at $1,761,000 after acquiring an additional 81 shares in the last quarter. Berkshire Bank grew its holdings in Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after acquiring an additional 89 shares in the last quarter. Little House Capital LLC increased its position in Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after purchasing an additional 89 shares during the period. Finally, Grove Bank & Trust lifted its position in shares of Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

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Emerson Electric Stock Performance

NYSE EMR traded down $0.17 on Tuesday, reaching $115.20. 841,558 shares of the company's stock traded hands, compared to its average volume of 2,660,965. The stock has a 50 day moving average price of $121.53 and a 200-day moving average price of $119.38. The firm has a market cap of $64.96 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.83%. Emerson Electric's dividend payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EMR. Barclays lowered Emerson Electric from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $135.00 to $110.00 in a report on Monday, March 10th. Morgan Stanley raised their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. KeyCorp boosted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target on the stock. Finally, Citigroup initiated coverage on shares of Emerson Electric in a research note on Monday, March 17th. They set a "buy" rating and a $132.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $136.22.

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.