Savvy Advisors Inc. Sells 8,896 Shares of Emerson Electric Co. (NYSE:EMR)

Savvy Advisors Inc. trimmed its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 77.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,645 shares of the industrial products company's stock after selling 8,896 shares during the quarter. Savvy Advisors Inc.'s holdings in Emerson Electric were worth $328,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Emerson Electric during the 4th quarter worth about $885,886,000. Raymond James Financial Inc. bought a new position in Emerson Electric during the fourth quarter worth about $297,947,000. Boston Partners boosted its holdings 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 valued at $411,944,000 after purchasing an additional 1,913,120 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock worth $252,313,000 after buying an additional 1,426,718 shares in the last quarter. Finally, Sarasin & Partners LLP boosted its stake in Emerson Electric by 120.6% in the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company's stock valued at $218,889,000 after buying an additional 965,731 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EMR has been the subject of a number of analyst reports. KeyCorp cut their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley lifted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Daiwa America raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. cut their price target on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a report on Friday, April 11th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.67.

Emerson Electric Trading Up 0.9 %

NYSE EMR traded up $0.88 on Friday, reaching $99.55. The company had a trading volume of 2,878,399 shares, compared to its average volume of 2,921,430. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The stock's 50 day moving average is $111.55 and its 200-day moving average is $119.08. 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 stock has a market cap of $56.14 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last announced 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%. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's payout ratio is currently 50.36%.

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.