Emerson Electric Co. (NYSE:EMR) Shares Sold by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,456 shares of the industrial products company's stock after selling 8,800 shares during the quarter. ICICI Prudential Asset Management Co Ltd's holdings in Emerson Electric were worth $7,740,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. GDS Wealth Management raised its position 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 purchasing an additional 79 shares during the last quarter. Mcdonald Partners LLC grew its stake 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 during the period. Berkshire Bank grew its stake 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 during the period. Little House Capital LLC grew its stake in shares of Emerson Electric by 0.5% in the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after buying an additional 89 shares during the period. Finally, Grove Bank & Trust grew its stake in shares of Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock valued at $217,000 after buying an additional 90 shares during the period. Institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 2.3 %

EMR stock traded down $2.87 during trading on Friday, reaching $121.88. 2,320,224 shares of the stock were exchanged, compared to its average volume of 2,828,952. 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 has a 50 day moving average price of $125.25 and a 200-day moving average price of $117.40. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The firm has a market capitalization of $68.73 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 2.48 and a beta of 1.34.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EMR. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. UBS Group began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Morgan Stanley lifted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Finally, Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.90.

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.