Kornitzer Capital Management Inc. KS cut its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,287 shares of the industrial products company's stock after selling 2,211 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Emerson Electric were worth $18,253,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in EMR. Wilmington Savings Fund Society FSB grew its position in Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock worth $6,162,000 after purchasing an additional 30,741 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock valued at $1,247,570,000 after buying an additional 162,985 shares in the last quarter. Larson Financial Group LLC raised its position in Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock valued at $1,044,000 after buying an additional 5,393 shares during the period. GHP Investment Advisors Inc. lifted its stake in Emerson Electric by 8.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after acquiring an additional 6,321 shares in the last quarter. Finally, Proactive Wealth Strategies LLC purchased a new position in Emerson Electric during the 3rd quarter valued at about $443,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Stock Performance
EMR stock traded down $2.87 during mid-day trading on Friday, reaching $121.88. 2,334,273 shares of the stock traded hands, compared to its average volume of 2,856,196. The firm has a market capitalization of $68.73 billion, a PE ratio of 29.09, a P/E/G ratio of 2.48 and a beta of 1.34. The business has a 50-day moving average of $125.08 and a two-hundred day moving average of $117.51. Emerson Electric Co. has a 52 week low of $96.62 and a 52 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 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 return on equity of 12.08% and a net margin of 13.74%. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid 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 payout ratio is currently 50.36%.
Analyst Upgrades and Downgrades
Several analysts recently commented on EMR shares. Robert W. Baird raised 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. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price target on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $136.90.
View Our Latest Stock Analysis on Emerson Electric
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.
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