Aviva PLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 345,000 shares of the industrial products company's stock after selling 18,041 shares during the quarter. Aviva PLC owned about 0.06% of Emerson Electric worth $42,756,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB lifted its position in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock worth $6,162,000 after purchasing an additional 30,741 shares during the period. Geode Capital Management LLC boosted its stake 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 valued at $1,247,570,000 after buying an additional 162,985 shares in the last quarter. Stokes Family Office LLC raised its position in Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after acquiring an additional 4,480 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in Emerson Electric by 8.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after acquiring an additional 6,321 shares during the last quarter. Finally, World Investment Advisors boosted its position in shares of Emerson Electric by 41.2% during the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after purchasing an additional 6,079 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently commented on EMR shares. Morgan Stanley increased their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a research report on Friday. Barclays cut their target price on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a research report on Thursday. KeyCorp decreased their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada restated an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and an average price target of $132.39.
Read Our Latest Stock Report on Emerson Electric
Emerson Electric Stock Up 0.2 %
NYSE EMR traded up $0.21 on Friday, reaching $99.94. The stock had a trading volume of 1,363,594 shares, compared to its average volume of 2,885,799. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The business has a 50 day moving average price of $114.72 and a 200 day moving average price of $119.37. The company has a market capitalization of $56.36 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 2.49 and a beta of 1.28.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results 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 return on equity of 12.08% and a net margin of 13.74%. On average, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's payout ratio is 50.36%.
Emerson Electric Company Profile
(
Free Report)
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.
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