Fmr LLC Lowers Stock Holdings in Emerson Electric Co. (NYSE:EMR)

FMR LLC lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 14.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,683,409 shares of the industrial products company's stock after selling 441,497 shares during the period. FMR LLC owned 0.47% of Emerson Electric worth $332,555,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Emerson Electric during the 4th quarter worth about $885,886,000. Raymond James Financial Inc. acquired a new stake in Emerson Electric during the fourth quarter worth approximately $297,947,000. Boston Partners lifted its stake in Emerson Electric by 136.3% in the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock valued at $411,944,000 after buying an additional 1,913,120 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Emerson Electric by 234.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock worth $252,313,000 after buying an additional 1,426,718 shares in the last quarter. Finally, Sarasin & Partners LLP grew its position in shares of Emerson Electric by 120.6% during the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company's stock worth $218,889,000 after buying an additional 965,731 shares during the period. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on EMR. Barclays cut 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. StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a research note on Friday. JPMorgan Chase & Co. dropped their price target on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Finally, KeyCorp dropped their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average target price of $131.67.

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Emerson Electric Stock Performance

Shares of NYSE EMR traded up $0.42 during mid-day trading on Monday, reaching $100.91. 3,387,970 shares of the company's stock were exchanged, compared to its average volume of 2,905,071. The firm has a market capitalization of $56.90 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The firm has a 50-day moving average price of $114.17 and a two-hundred day moving average price of $119.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its 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%. Analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.09%. Emerson Electric's payout ratio is 50.36%.

About Emerson Electric

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.