Invesco Ltd. trimmed its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,466,470 shares of the industrial products company's stock after selling 732,517 shares during the period. Invesco Ltd. owned about 2.01% of Emerson Electric worth $1,421,040,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Emerson Electric by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after buying an additional 384,313 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after acquiring an additional 232,540 shares during the last quarter. Norges Bank bought a new stake in Emerson Electric in the 4th quarter valued at $885,886,000. Nordea Investment Management AB lifted its stake in Emerson Electric by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock worth $871,083,000 after purchasing an additional 375,470 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of Emerson Electric by 4.1% during the 4th quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after purchasing an additional 171,946 shares during the last quarter. Institutional investors own 74.30% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on EMR shares. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a report on Tuesday. Morgan Stanley raised their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. Barclays decreased their price target on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a research note on Thursday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $132.39.
Get Our Latest Stock Analysis on EMR
Emerson Electric Trading Up 0.6 %
Shares of NYSE EMR traded up $0.60 during mid-day trading on Friday, reaching $100.33. The company had a trading volume of 3,621,137 shares, compared to its average volume of 2,899,380. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The business's 50-day moving average is $114.17 and its 200-day moving average is $119.34. The stock has a market cap of $56.57 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.
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 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%. Equities analysts expect 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 was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, February 14th. Emerson Electric's payout ratio is 50.36%.
Emerson Electric Profile
(
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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