Machina Capital S.A.S. Cuts Stake in Emerson Electric Co. (NYSE:EMR)

Machina Capital S.A.S. trimmed its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 45.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,787 shares of the industrial products company's stock after selling 4,899 shares during the period. Machina Capital S.A.S.'s holdings in Emerson Electric were worth $717,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. RKL Wealth Management LLC purchased a new stake in Emerson Electric during the fourth quarter valued at about $576,000. Oak Hill Wealth Advisors LLC lifted its position in Emerson Electric by 204.3% during the fourth quarter. Oak Hill Wealth Advisors LLC now owns 5,463 shares of the industrial products company's stock valued at $677,000 after purchasing an additional 10,701 shares during the last quarter. AMG National Trust Bank lifted its holdings in shares of Emerson Electric by 2.3% during the 4th quarter. AMG National Trust Bank now owns 8,161 shares of the industrial products company's stock worth $1,011,000 after acquiring an additional 185 shares during the last quarter. Haven Private LLC bought a new stake in shares of Emerson Electric during the 4th quarter worth $754,000. Finally, Ashton Thomas Private Wealth LLC increased its stake in shares of Emerson Electric by 3.2% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 16,291 shares of the industrial products company's stock worth $2,019,000 after buying an additional 509 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price objective for the company. Jefferies Financial Group initiated coverage on Emerson Electric in a research report on Thursday, December 12th. They set a "buy" rating and a $160.00 price objective on the stock. Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Loop Capital lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $136.28.

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Emerson Electric Stock Performance

Shares of Emerson Electric stock traded down $6.80 during trading hours on Monday, reaching $111.82. 3,016,381 shares of the stock traded hands, compared to its average volume of 2,880,529. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $63.05 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a 50 day moving average price of $123.64 and a 200 day moving average price of $118.73. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued 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 net margin of 13.74% and a return on equity of 12.08%. On average, equities research 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 declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.89%. Emerson Electric's payout ratio is currently 50.36%.

Emerson Electric Profile

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.