Renaissance Technologies LLC Has $51.95 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Renaissance Technologies LLC cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 61.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 419,200 shares of the industrial products company's stock after selling 660,700 shares during the quarter. Renaissance Technologies LLC owned 0.07% of Emerson Electric worth $51,951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of 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 during the period. Geode Capital Management LLC raised its position in 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 acquiring an additional 162,985 shares in the last quarter. Stokes Family Office LLC boosted its position in Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after purchasing an additional 4,480 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after purchasing an additional 6,321 shares during the period. Finally, World Investment Advisors lifted its stake in shares of Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after purchasing an additional 6,079 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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Emerson Electric Price Performance

Shares of EMR stock traded down $0.42 during mid-day trading on Tuesday, hitting $100.62. 1,356,540 shares of the stock traded hands, compared to its average volume of 2,899,093. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a market cap of $56.74 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company's 50-day simple moving average is $113.69 and its 200-day simple moving average is $119.36. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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%. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. KeyCorp decreased their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Citigroup reduced their target price on Emerson Electric from $132.00 to $119.00 and set a "buy" rating for the company in a research note on Monday. StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Friday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a research note 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average price target of $131.67.

Emerson Electric Company 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.