Hoey Investments Inc. decreased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 27.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,858 shares of the industrial products company's stock after selling 4,063 shares during the quarter. Emerson Electric makes up 0.2% of Hoey Investments Inc.'s holdings, making the stock its 22nd biggest position. Hoey Investments Inc.'s holdings in Emerson Electric were worth $1,346,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Meeder Asset Management Inc. increased its position in Emerson Electric by 208.2% during the fourth quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company's stock worth $37,000 after purchasing an additional 202 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Emerson Electric by 7.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 108,659 shares of the industrial products company's stock valued at $13,466,000 after purchasing an additional 7,401 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Emerson Electric by 9.6% during the 4th quarter. Clearbridge Investments LLC now owns 1,513,435 shares of the industrial products company's stock worth $187,560,000 after purchasing an additional 132,894 shares during the period. Physician Wealth Advisors Inc. acquired a new position in Emerson Electric in the fourth quarter valued at about $58,000. Finally, Schroder Investment Management Group boosted its stake in Emerson Electric by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock worth $542,379,000 after buying an additional 171,946 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently commented on EMR shares. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a "buy" rating and a $160.00 price target for the company. StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Finally, Barclays dropped their price objective on Emerson Electric from $110.00 to $105.00 and set an "underweight" rating on the stock in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.94.
View Our Latest Report on Emerson Electric
Emerson Electric Price Performance
EMR stock traded down $9.66 on Thursday, reaching $101.88. The company had a trading volume of 2,553,135 shares, compared to its average volume of 2,817,607. 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 company's fifty day moving average is $119.70 and its 200 day moving average is $119.81. The company has a market cap of $57.45 billion, a P/E ratio of 24.28, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts' consensus estimates 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, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.
Emerson Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.07%. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.
Emerson Electric Company Profile
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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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