Great Lakes Advisors LLC Sells 7,047 Shares of Emerson Electric Co. (NYSE:EMR)

Great Lakes Advisors LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,143 shares of the industrial products company's stock after selling 7,047 shares during the quarter. Great Lakes Advisors LLC owned about 0.06% of Emerson Electric worth $43,393,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Truvestments Capital LLC boosted its position in Emerson Electric by 4.1% during the fourth quarter. Truvestments Capital LLC now owns 24,513 shares of the industrial products company's stock worth $3,038,000 after purchasing an additional 970 shares during the period. Hopwood Financial Services Inc. bought a new stake in Emerson Electric during the fourth quarter worth approximately $343,000. Farther Finance Advisors LLC lifted its holdings in shares of Emerson Electric by 9.9% during the fourth quarter. Farther Finance Advisors LLC now owns 10,274 shares of the industrial products company's stock worth $1,273,000 after buying an additional 928 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Emerson Electric by 8.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,155 shares of the industrial products company's stock worth $391,000 after buying an additional 252 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Emerson Electric by 11.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 19,467 shares of the industrial products company's stock worth $2,413,000 after buying an additional 2,026 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $110.62 on Wednesday. The stock's fifty day moving average is $123.12 and its 200-day moving average is $118.82. 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 stock has a market capitalization of $62.38 billion, a PE ratio of 26.40, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85.

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Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that Emerson Electric Co. will post 5.96 EPS 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 paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.91%. The ex-dividend date was Friday, February 14th. Emerson Electric's payout ratio is 50.36%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Barclays lowered Emerson Electric from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $135.00 to $110.00 in a report on Monday. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They set a "buy" rating and a $160.00 price target for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. Finally, UBS Group started coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $136.28.

Emerson Electric Company 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.

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