Stifel Financial Corp Sells 80,824 Shares of Emerson Electric Co. (NYSE:EMR)

Stifel Financial Corp trimmed its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,336,225 shares of the industrial products company's stock after selling 80,824 shares during the period. Stifel Financial Corp owned 0.76% of Emerson Electric worth $537,392,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State of Tennessee Department of Treasury lifted its holdings in shares of Emerson Electric by 8.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 271,233 shares of the industrial products company's stock valued at $33,614,000 after acquiring an additional 19,996 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Emerson Electric by 3.6% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 166,875 shares of the industrial products company's stock worth $20,680,000 after buying an additional 5,730 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Emerson Electric by 213.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 39,533 shares of the industrial products company's stock valued at $4,899,000 after purchasing an additional 26,930 shares during the period. Transce3nd LLC bought a new position in Emerson Electric during the fourth quarter worth about $394,000. Finally, Mirova increased its stake in Emerson Electric by 81.4% in the fourth quarter. Mirova now owns 18,981 shares of the industrial products company's stock valued at $2,352,000 after purchasing an additional 8,520 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 0.2 %

NYSE:EMR traded up $0.19 on Friday, hitting $105.24. 2,636,051 shares of the stock were exchanged, compared to its average volume of 2,936,578. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a market cap of $59.34 billion, a PE ratio of 25.12, a PEG ratio of 2.49 and a beta of 1.28. The stock has a fifty day moving average of $109.27 and a 200-day moving average of $118.63. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85.

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

Emerson Electric Dividend Announcement

The company also recently declared 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 was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.00%. Emerson Electric's dividend payout ratio is 50.36%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Wednesday. Barclays reduced their target price on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $131.67.

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.