BOK Financial Private Wealth Inc. decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,060 shares of the industrial products company's stock after selling 2,143 shares during the period. BOK Financial Private Wealth Inc.'s holdings in Emerson Electric were worth $1,619,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Pettee Investors Inc. grew its holdings in shares of Emerson Electric by 2.3% during the fourth quarter. Pettee Investors Inc. now owns 12,108 shares of the industrial products company's stock valued at $1,501,000 after buying an additional 275 shares during the last quarter. Argentarii LLC purchased a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $1,569,000. OFI Invest Asset Management purchased a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $1,420,000. Amundi grew its holdings in shares of Emerson Electric by 15.4% during the fourth quarter. Amundi now owns 2,209,372 shares of the industrial products company's stock valued at $265,787,000 after buying an additional 294,685 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of Emerson Electric by 2.8% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 19,274 shares of the industrial products company's stock valued at $2,389,000 after buying an additional 532 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on EMR shares. Barclays increased their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. BNP Paribas started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 target price on the stock. Finally, Wells Fargo & Company raised their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $137.67.
Get Our Latest Stock Report on Emerson Electric
Emerson Electric Stock Up 2.0 %
EMR opened at $118.66 on Friday. 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 $96.62 and a 1-year high of $134.85. The company has a market capitalization of $66.91 billion, a PE ratio of 28.32, a PEG ratio of 2.49 and a beta of 1.36. The firm's 50 day simple moving average is $123.64 and its two-hundred day simple moving average is $118.63.
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, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.78%. Emerson Electric's payout ratio is 50.36%.
About Emerson Electric
(
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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