Intech Investment Management LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 44.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,992 shares of the industrial products company's stock after selling 11,381 shares during the quarter. Intech Investment Management LLC's holdings in Emerson Electric were worth $1,734,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in EMR. Raymond James Financial Inc. bought a new stake in Emerson Electric during the 4th quarter worth approximately $297,947,000. State Street Corp grew its stake in shares of Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Emerson Electric by 234.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after purchasing an additional 1,426,718 shares during the period. Swedbank AB raised its position in Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Finally, Sarasin & Partners LLP lifted its holdings in Emerson Electric by 120.6% during the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company's stock worth $218,889,000 after buying an additional 965,731 shares during the period. 74.30% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
EMR has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a "buy" rating and a $160.00 price objective on the stock. Barclays lowered shares of Emerson Electric from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $135.00 to $110.00 in a research note on Monday, March 10th. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Morgan Stanley upped their price target 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. Finally, StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $136.22.
Get Our Latest Stock Report on Emerson Electric
Emerson Electric Stock Down 0.1 %
EMR traded down $0.16 during trading on Tuesday, hitting $115.21. 1,656,154 shares of the company's stock were exchanged, compared to its average volume of 2,665,885. The stock has a market cap of $64.97 billion, a P/E ratio of 27.50, a PEG ratio of 2.49 and a beta of 1.36. The business's 50 day moving average is $121.44 and its two-hundred day moving average is $119.50. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.
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 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, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.83%. Emerson Electric's dividend payout ratio (DPR) is 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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
