Atria Wealth Solutions Inc. Lowers Stake in Emerson Electric Co. (NYSE:EMR)

Atria Wealth Solutions Inc. reduced its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,071 shares of the industrial products company's stock after selling 2,376 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Emerson Electric were worth $4,346,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp increased its holdings in Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. Wellington Management Group LLP grew its holdings in Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock worth $1,591,612,000 after buying an additional 581,102 shares in the last quarter. Geode Capital Management LLC grew its holdings in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock worth $1,247,570,000 after buying an additional 162,985 shares in the last quarter. Nordea Investment Management AB grew its holdings in Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock worth $871,083,000 after buying an additional 375,470 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock worth $422,852,000 after buying an additional 2,016,075 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Down 2.3 %

Shares of Emerson Electric stock traded down $2.87 on Friday, reaching $121.88. The company's stock had a trading volume of 2,334,273 shares, compared to its average volume of 2,856,196. The company has a market capitalization of $68.73 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 2.48 and a beta of 1.34. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm's fifty day simple moving average is $125.25 and its two-hundred day simple moving average is $117.40. Emerson Electric Co. has a 52 week low of $96.62 and a 52 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 earnings per share (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%. Equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. Emerson Electric's payout ratio is 50.36%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EMR shares. Barclays upped their price target on Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Loop Capital upped their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. dropped their price target on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $136.90.

About Emerson Electric

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.