Emerson Electric Co. (NYSE:EMR) Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 953,171 shares of the industrial products company's stock after selling 19,724 shares during the period. Emerson Electric accounts for approximately 1.3% of Brandes Investment Partners LP's portfolio, making the stock its 25th largest holding. Brandes Investment Partners LP owned approximately 0.17% of Emerson Electric worth $118,126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EMR. Swedbank AB lifted its holdings in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. Howard Capital Management Group LLC lifted its holdings in shares of Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company's stock valued at $205,000 after purchasing an additional 180 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Emerson Electric by 16.5% in the third quarter. Assetmark Inc. now owns 7,759 shares of the industrial products company's stock valued at $849,000 after purchasing an additional 1,097 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of Emerson Electric by 2.3% in the third quarter. Harbour Investments Inc. now owns 7,353 shares of the industrial products company's stock valued at $804,000 after purchasing an additional 163 shares in the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of Emerson Electric by 12.3% in the third quarter. Aptus Capital Advisors LLC now owns 8,793 shares of the industrial products company's stock valued at $962,000 after purchasing an additional 966 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts recently issued reports on EMR shares. Citigroup started coverage on shares of Emerson Electric in a research note on Monday. They set a "buy" rating and a $132.00 price objective on the stock. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a "buy" rating and a $160.00 price objective on the stock. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective on the stock. Finally, KeyCorp upped their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $136.22.

Emerson Electric Trading Up 0.4 %

Shares of Emerson Electric stock traded up $0.43 during trading hours on Wednesday, hitting $112.28. The company's stock had a trading volume of 4,095,387 shares, compared to its average volume of 2,626,650. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The business has a fifty day moving average of $122.03 and a 200 day moving average of $119.07. The company has a market capitalization of $63.31 billion, a PE ratio of 26.80, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data 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 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 declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, February 14th. Emerson Electric's payout ratio is 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.