Russell Investments Group Ltd. Reduces Position in Emerson Electric Co. (NYSE:EMR)

Russell Investments Group Ltd. lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,855 shares of the industrial products company's stock after selling 7,569 shares during the quarter. Russell Investments Group Ltd.'s holdings in Emerson Electric were worth $26,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Emerson Electric by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after acquiring an additional 384,313 shares during the last quarter. Geode Capital Management LLC increased its holdings in Emerson Electric by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after purchasing an additional 232,540 shares during the period. Norges Bank bought a new position in Emerson Electric during the 4th quarter valued at approximately $885,886,000. Nordea Investment Management AB increased its stake in shares of Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock valued at $871,083,000 after buying an additional 375,470 shares during the period. Finally, Schroder Investment Management Group raised its holdings in shares of Emerson Electric by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after acquiring an additional 171,946 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

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Emerson Electric Price Performance

Shares of EMR traded up $1.26 during midday trading on Monday, hitting $101.75. 758,909 shares of the company traded hands, compared to its average volume of 3,144,699. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. 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 50 day moving average of $114.17 and a 200-day moving average of $119.42. The stock has a market cap of $57.38 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. KeyCorp dropped their target price 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. JPMorgan Chase & Co. lowered their price objective on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Citigroup assumed coverage on Emerson Electric in a report on Monday, March 17th. They set a "buy" rating and a $132.00 target price on the stock. Morgan Stanley raised their target price on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company upped their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $132.39.

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.