Legal & General Group Plc trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 24.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,305,407 shares of the industrial products company's stock after selling 1,090,222 shares during the period. Legal & General Group Plc owned approximately 0.58% of Emerson Electric worth $409,639,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric in the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric during the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric in the fourth quarter worth approximately $28,000. YANKCOM Partnership bought a new position in Emerson Electric during the 4th quarter valued at $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in shares of Emerson Electric during the 4th quarter valued at $35,000. 74.30% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on EMR. Barclays lowered their target price on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a report on Thursday. Morgan Stanley increased their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Citigroup assumed coverage on Emerson Electric in a research report on Monday, March 17th. They set a "buy" rating and a $132.00 price objective for the company. StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a research report on Friday. Finally, KeyCorp decreased their target price on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $132.39.
View Our Latest Report on EMR
Emerson Electric Stock Up 0.6 %
Shares of EMR stock traded up $0.60 on Friday, hitting $100.33. The company's stock had a trading volume of 3,621,137 shares, compared to its average volume of 2,903,053. 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 stock has a market capitalization of $56.57 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The firm's fifty day moving average price is $114.17 and its 200-day moving average price is $119.42.
Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) 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%. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio is currently 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.
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