Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,142 shares of the industrial products company's stock after selling 4,688 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Emerson Electric were worth $32,239,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GDS Wealth Management raised its stake in Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after purchasing an additional 79 shares in the last quarter. Mcdonald Partners LLC increased its holdings in Emerson Electric by 0.6% in the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock valued at $1,761,000 after buying an additional 81 shares during the period. Berkshire Bank raised its position in shares of Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock valued at $321,000 after buying an additional 89 shares in the last quarter. Little House Capital LLC lifted its holdings in shares of Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock worth $2,108,000 after acquiring an additional 89 shares during the period. Finally, Grove Bank & Trust boosted its position in shares of Emerson Electric by 5.4% during the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after acquiring an additional 90 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
EMR has been the subject of several recent analyst reports. Barclays cut their target price on Emerson Electric from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, March 26th. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Morgan Stanley boosted their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, Citigroup started coverage on shares of Emerson Electric in a research report on Monday, March 17th. They set a "buy" rating and a $132.00 price objective for the company. Two 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $135.94.
Read Our Latest Stock Report on Emerson Electric
Emerson Electric Trading Up 1.0 %
EMR stock traded up $1.10 during trading on Monday, hitting $109.74. The company had a trading volume of 3,372,392 shares, compared to its average volume of 2,815,417. 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 one year low of $96.62 and a one year high of $134.85. The business has a 50-day moving average of $120.46 and a 200-day moving average of $119.81. The stock has a market cap of $61.88 billion, a PE ratio of 26.19, a PEG ratio of 2.49 and a beta of 1.36.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. Research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.92%. 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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