ProVise Management Group LLC decreased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 56.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,997 shares of the industrial products company's stock after selling 5,111 shares during the quarter. ProVise Management Group LLC's holdings in Emerson Electric were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Xponance Inc. lifted its position in Emerson Electric by 4.3% during the fourth quarter. Xponance Inc. now owns 85,204 shares of the industrial products company's stock valued at $10,559,000 after purchasing an additional 3,524 shares during the last quarter. Boston Partners lifted its holdings in shares of Emerson Electric by 136.3% in the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock valued at $411,944,000 after acquiring an additional 1,913,120 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in Emerson Electric during the fourth quarter worth approximately $5,939,000. Horizon Investments LLC raised its position in Emerson Electric by 1.7% during the fourth quarter. Horizon Investments LLC now owns 9,773 shares of the industrial products company's stock valued at $1,211,000 after purchasing an additional 160 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Emerson Electric by 10.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 33,039 shares of the industrial products company's stock valued at $4,113,000 after purchasing an additional 3,177 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.
Emerson Electric Stock Up 2.1 %
Shares of NYSE EMR traded up $2.33 during mid-day trading on Monday, reaching $115.44. 2,781,898 shares of the company were exchanged, compared to its average volume of 2,661,336. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The firm has a 50-day moving average of $121.60 and a 200 day moving average of $119.27. The stock has a market cap of $65.09 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 2.49 and a beta of 1.36. 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 released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates 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, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.
Emerson Electric Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.83%. Emerson Electric's dividend payout ratio is presently 50.36%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on EMR shares. Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Barclays lowered Emerson Electric from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $135.00 to $110.00 in a research report on Monday, March 10th. Finally, StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday, March 10th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $136.22.
Get Our Latest Analysis on EMR
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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