Asset Management One Co. Ltd. Sells 16,020 Shares of Emerson Electric Co. (NYSE:EMR)

Asset Management One Co. Ltd. cut its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250,536 shares of the industrial products company's stock after selling 16,020 shares during the period. Asset Management One Co. Ltd.'s holdings in Emerson Electric were worth $31,475,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in Emerson Electric in the third quarter worth $25,000. Stephens Consulting LLC bought a new stake in Emerson Electric in the fourth quarter worth $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric in the fourth quarter worth $27,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric in the third quarter worth $29,000. Finally, YANKCOM Partnership bought a new stake in Emerson Electric in the fourth quarter worth $30,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. StockNews.com raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. KeyCorp upped their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company upped their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $136.90.

Emerson Electric Stock Up 1.5 %

Emerson Electric stock traded up $1.90 during mid-day trading on Tuesday, hitting $125.24. The company had a trading volume of 841,836 shares, compared to its average volume of 2,904,735. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. The stock's 50 day moving average price is $125.59 and its two-hundred day moving average price is $117.18. The company has a market capitalization of $70.62 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.68%. Emerson Electric's dividend payout ratio (DPR) is presently 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.