Emerson Electric Co. (NYSE:EMR) Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH cut its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,007 shares of the industrial products company's stock after selling 13,368 shares during the quarter. Erste Asset Management GmbH's holdings in Emerson Electric were worth $9,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. GDS Wealth Management lifted its holdings in Emerson Electric by 2.0% during the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock worth $491,000 after buying an additional 79 shares in the last quarter. Mcdonald Partners LLC increased its position in shares of 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 in the last quarter. Berkshire Bank increased 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 increased its holdings in 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 purchasing an additional 89 shares in the last quarter. Finally, Grove Bank & Trust increased its holdings in 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 purchasing an additional 90 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several equities analysts have recently weighed in on EMR shares. Royal Bank of Canada restated an "outperform" rating and issued a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Barclays downgraded shares of Emerson Electric from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $135.00 to $110.00 in a research report on Monday, March 10th. KeyCorp lifted their price target 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. Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Finally, Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $136.22.

Emerson Electric Price Performance

Shares of NYSE:EMR traded down $1.83 during midday trading on Tuesday, reaching $111.77. 2,724,828 shares of the company were exchanged, compared to its average volume of 2,622,975. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The business's fifty day moving average is $122.21 and its two-hundred day moving average is $119.03. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The stock has a market cap of $63.02 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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%. As a group, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Friday, February 14th. 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.