Barclays PLC lowered its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 32.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 768,728 shares of the industrial products company's stock after selling 372,834 shares during the period. Barclays PLC owned approximately 0.13% of Emerson Electric worth $95,268,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of EMR. Stephens Consulting LLC acquired a new position in shares of Emerson Electric in the fourth quarter worth $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric in the fourth quarter worth approximately $28,000. YANKCOM Partnership bought a new position in Emerson Electric during the fourth quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 74.30% of the company's stock.
Emerson Electric Stock Up 0.9 %
Shares of EMR stock traded up $0.88 during trading on Friday, reaching $99.55. The company's stock had a trading volume of 2,878,399 shares, compared to its average volume of 2,917,735. 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 business has a fifty day moving average price of $111.55 and a 200-day moving average price of $118.95. The company has a market cap of $56.14 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a one year low of $90.06 and a one year 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 for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.
Emerson Electric Dividend Announcement
The firm 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 was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.12%. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on EMR shares. StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Barclays lowered their target price on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a research note on Thursday, April 10th. KeyCorp dropped their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company increased their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.67.
Read Our Latest Stock Report on EMR
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.
Featured Articles
Before you consider Emerson Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emerson Electric wasn't on the list.
While Emerson Electric currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
