J. Safra Sarasin Holding AG Sells 106,072 Shares of Emerson Electric Co. (NYSE:EMR)

J. Safra Sarasin Holding AG decreased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 561,576 shares of the industrial products company's stock after selling 106,072 shares during the quarter. Emerson Electric accounts for approximately 1.2% of J. Safra Sarasin Holding AG's holdings, making the stock its 23rd biggest holding. J. Safra Sarasin Holding AG owned approximately 0.10% of Emerson Electric worth $69,596,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. GDS Wealth Management raised its stake in shares of Emerson Electric by 2.0% in the fourth 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 increased its position in Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after buying an additional 81 shares during the last quarter. Berkshire Bank boosted its holdings in shares of Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after acquiring an additional 89 shares during the period. Little House Capital LLC boosted its stake in 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 worth $2,108,000 after purchasing an additional 89 shares during the period. Finally, Grove Bank & Trust increased its holdings in Emerson Electric by 5.4% during the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on EMR. Barclays reduced their target price on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Citigroup cut their price target on shares of Emerson Electric from $132.00 to $119.00 and set a "buy" rating for the company in a research note on Monday, April 14th. KeyCorp cut their target price on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.67.

Emerson Electric Stock Up 3.9 %

EMR stock traded up $3.97 during midday trading on Thursday, hitting $105.04. The stock had a trading volume of 2,762,639 shares, compared to its average volume of 2,932,593. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market cap of $59.23 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The business has a 50-day moving average of $110.03 and a two-hundred day moving average of $118.72. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85.

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 for the quarter, topping 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%. As a group, equities research analysts forecast 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 dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 2.01%. Emerson Electric's dividend payout ratio is currently 50.36%.

About Emerson Electric

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.