Global Retirement Partners LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,645 shares of the industrial products company's stock after selling 4,224 shares during the quarter. Global Retirement Partners LLC's holdings in Emerson Electric were worth $1,567,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Plan Group Financial LLC grew its stake in Emerson Electric by 5.0% in the 4th quarter. Plan Group Financial LLC now owns 3,048 shares of the industrial products company's stock valued at $378,000 after acquiring an additional 145 shares during the period. Atlas Legacy Advisors LLC acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $549,000. Bank of Jackson Hole Trust purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $663,000. Callahan Advisors LLC acquired a new position in shares of Emerson Electric in the fourth quarter worth $521,000. Finally, Mcdonald Partners LLC grew its position in shares of Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after buying an additional 81 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
EMR has been the topic of several research reports. UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price objective on the stock. KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, BNP Paribas began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $136.90.
Read Our Latest Stock Report on EMR
Emerson Electric Price Performance
Shares of NYSE:EMR traded down $2.87 during trading on Friday, reaching $121.88. The company had a trading volume of 2,334,273 shares, compared to its average volume of 2,856,196. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a market capitalization of $68.73 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.48 and a beta of 1.34. The firm's fifty day moving average is $125.25 and its 200 day moving average is $117.40.
Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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%. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.73%. Emerson Electric's dividend payout ratio is currently 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.
Featured Articles
Before you consider Emerson Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emerson Electric wasn't on the list.
While Emerson Electric currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
