United Capital Financial Advisors LLC Sells 2,510 Shares of Emerson Electric Co. (NYSE:EMR)

United Capital Financial Advisors LLC lowered its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,222 shares of the industrial products company's stock after selling 2,510 shares during the period. United Capital Financial Advisors LLC's holdings in Emerson Electric were worth $14,899,000 at the end of the most recent reporting period.

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

Emerson Electric Trading Up 0.9 %

Shares of NYSE:EMR traded up $0.88 during trading on Friday, hitting $99.55. The company had a trading volume of 2,878,399 shares, compared to its average volume of 2,917,735. The stock has a market cap of $56.14 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a fifty day simple moving average of $111.55 and a two-hundred day simple moving average of $118.95. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results 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 forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. 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%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley upped their price target on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price target for the company. Citigroup reduced their target price on Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company raised their target price on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Barclays decreased their price objective on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.67.

About Emerson Electric

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.