Chevy Chase Trust Holdings LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,735 shares of the industrial products company's stock after selling 7,569 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Emerson Electric worth $38,138,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Asset Planning Inc purchased a new stake in Emerson Electric in the fourth quarter valued at $82,000. V Square Quantitative Management LLC grew its stake in shares of Emerson Electric by 6.5% in the fourth quarter. V Square Quantitative Management LLC now owns 4,235 shares of the industrial products company's stock worth $525,000 after acquiring an additional 258 shares in the last quarter. Vontobel Holding Ltd. raised its position in Emerson Electric by 5.5% in the 4th quarter. Vontobel Holding Ltd. now owns 171,546 shares of the industrial products company's stock valued at $21,260,000 after purchasing an additional 8,971 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings in Emerson Electric by 5.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 2,719 shares of the industrial products company's stock valued at $337,000 after acquiring an additional 130 shares in the last quarter. Finally, Buckhead Capital Management LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at $2,126,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
EMR has been the subject of a number of research analyst reports. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target for the company. Wells Fargo & Company boosted their price target on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price objective for the company. Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective on the stock. Finally, Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $136.90.
View Our Latest Stock Report on Emerson Electric
Emerson Electric Trading Up 1.3 %
Emerson Electric stock traded up $1.66 during trading on Tuesday, reaching $125.00. The company had a trading volume of 2,295,802 shares, compared to its average volume of 2,926,025. The firm has a market capitalization of $70.49 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.16 and a beta of 1.34. The stock's 50 day moving average price is $125.59 and its two-hundred day moving average price is $117.18. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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%. As a group, equities analysts expect that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal 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 paid a dividend of $0.5275 per share. 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 1.69%. Emerson Electric's dividend payout ratio is currently 50.36%.
Emerson Electric Company Profile
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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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