Envestnet Asset Management Inc. reduced its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,622,154 shares of the industrial products company's stock after selling 161,140 shares during the period. Envestnet Asset Management Inc. owned about 0.28% of Emerson Electric worth $201,034,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in EMR. Stephens Consulting LLC acquired a new stake in Emerson Electric during the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric during the fourth quarter valued at approximately $28,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the 4th quarter worth approximately $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 74.30% of the company's stock.
Emerson Electric Trading Up 0.6 %
NYSE EMR traded up $0.60 during mid-day trading on Friday, hitting $100.33. The company's stock had a trading volume of 3,621,137 shares, compared to its average volume of 2,899,380. The firm has a market capitalization of $56.57 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. 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. The stock's fifty day simple moving average is $114.17 and its two-hundred day simple moving average is $119.34.
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 the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 2.10%. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on EMR. Royal Bank of Canada reissued an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. Wells Fargo & Company raised their target price on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Barclays reduced their price target on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a report on Thursday. StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a report on Friday. Finally, JPMorgan Chase & Co. reduced their target price on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and an average target price of $132.39.
Get Our Latest Stock Analysis on Emerson Electric
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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