OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 49.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,298 shares of the industrial products company's stock after selling 51,043 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Emerson Electric were worth $6,360,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Xponance Inc. raised its holdings in shares of Emerson Electric by 4.3% during the fourth quarter. Xponance Inc. now owns 85,204 shares of the industrial products company's stock worth $10,559,000 after acquiring an additional 3,524 shares in the last quarter. Boston Partners lifted its stake in Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after purchasing an additional 1,913,120 shares during the period. Generali Asset Management SPA SGR bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $5,939,000. Horizon Investments LLC lifted its holdings in Emerson Electric by 1.7% during the 4th quarter. Horizon Investments LLC now owns 9,773 shares of the industrial products company's stock worth $1,211,000 after buying an additional 160 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Emerson Electric by 10.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 33,039 shares of the industrial products company's stock worth $4,113,000 after purchasing an additional 3,177 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.
Emerson Electric Trading Up 1.0 %
NYSE EMR traded up $1.12 during trading hours on Friday, hitting $112.92. 9,228,719 shares of the company's stock were exchanged, compared to its average volume of 2,660,857. The stock has a 50-day simple moving average of $121.60 and a 200 day simple moving average of $119.14. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The firm has a market cap of $63.67 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 2.49 and a beta of 1.36. 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 released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 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%. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.87%. Emerson Electric's payout ratio is currently 50.36%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on EMR shares. Citigroup assumed coverage on Emerson Electric in a report on Monday, March 17th. They set a "buy" rating and a $132.00 price objective on the stock. StockNews.com lowered Emerson Electric from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Wells Fargo & Company boosted their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. Finally, Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $136.22.
View Our Latest Analysis on Emerson Electric
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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