Franklin Resources Inc. lowered its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 582,439 shares of the industrial products company's stock after selling 3,880 shares during the quarter. Franklin Resources Inc. owned about 0.10% of Emerson Electric worth $72,182,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. GDS Wealth Management lifted 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 buying an additional 79 shares during the last quarter. Mcdonald Partners LLC raised its position 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 purchasing an additional 81 shares during the last quarter. Berkshire Bank boosted its stake in Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after purchasing an additional 89 shares during the period. Little House Capital LLC increased its stake in Emerson Electric by 0.5% in the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after purchasing an additional 89 shares during the period. Finally, Grove Bank & Trust boosted its stake in shares of Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after buying an additional 90 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.
Emerson Electric Price Performance
Emerson Electric stock traded up $0.41 during trading hours on Tuesday, hitting $97.38. The stock had a trading volume of 1,235,765 shares, compared to its average volume of 2,854,881. The stock has a market capitalization of $54.91 billion, a price-to-earnings ratio of 23.27, a PEG 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 1-year low of $90.06 and a 1-year high of $134.85. The stock's fifty day moving average is $117.75 and its two-hundred day moving average is $119.79.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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 fiscal year.
Emerson Electric Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.
Wall Street Analysts Forecast Growth
EMR has been the subject of a number of recent research reports. Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Thursday, December 12th. They set a "buy" rating and a $160.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Citigroup began 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. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, StockNews.com raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus target price of $134.11.
Read Our Latest Analysis on Emerson Electric
Emerson Electric Profile
(
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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