Envestnet Portfolio Solutions Inc. Sells 5,250 Shares of Emerson Electric Co. (NYSE:EMR)

Envestnet Portfolio Solutions Inc. reduced its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 25.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,366 shares of the industrial products company's stock after selling 5,250 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Emerson Electric were worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Emerson Electric during the 4th quarter valued at about $297,947,000. State Street Corp increased its holdings in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock valued at $2,822,858,000 after buying an additional 1,507,980 shares during the last quarter. Fisher Asset Management LLC raised its position in Emerson Electric by 234.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock worth $252,313,000 after acquiring an additional 1,426,718 shares during the period. Swedbank AB grew its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the period. Finally, Sarasin & Partners LLP increased its stake in shares of Emerson Electric by 120.6% in the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company's stock worth $218,889,000 after purchasing an additional 965,731 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

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Analysts Set New Price Targets

EMR has been the subject of several recent research reports. 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 report on Thursday, February 6th. Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target for the company. KeyCorp raised their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus price target of $136.22.

Emerson Electric Trading Down 0.1 %

NYSE:EMR traded down $0.16 during midday trading on Tuesday, hitting $115.21. 1,656,154 shares of the company traded hands, compared to its average volume of 2,660,965. The firm has a market capitalization of $64.97 billion, a P/E ratio of 27.50, a P/E/G ratio of 2.49 and a beta of 1.36. The firm's fifty day moving average is $121.53 and its 200-day moving average is $119.38. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. 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 (NYSE:EMR - Get Free Report) last released its earnings results 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%. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given 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 1.83%. Emerson Electric's dividend payout ratio (DPR) 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.