Wells Fargo & Company MN Sells 164,795 Shares of Emerson Electric Co. (NYSE:EMR)

Wells Fargo & Company MN decreased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,978,574 shares of the industrial products company's stock after selling 164,795 shares during the period. Wells Fargo & Company MN owned 1.93% of Emerson Electric worth $1,360,575,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Stephens Consulting LLC bought a new position in shares of Emerson Electric in the 4th quarter worth $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $28,000. YANKCOM Partnership bought a new stake in Emerson Electric during the 4th quarter worth approximately $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in Emerson Electric during the 4th quarter worth approximately $35,000. Institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EMR shares. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective on the stock. Daiwa America raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Citigroup began coverage on Emerson Electric in a research report on Monday, March 17th. They set a "buy" rating and a $132.00 price objective for the company. Morgan Stanley lifted their target price on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Finally, KeyCorp reduced their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $132.72.

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Emerson Electric Stock Up 0.0 %

Shares of Emerson Electric stock traded up $0.00 during trading hours on Wednesday, reaching $94.15. The company's stock had a trading volume of 1,006,446 shares, compared to its average volume of 3,108,909. 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 stock's fifty day simple moving average is $116.31 and its two-hundred day simple moving average is $119.52. The company has a market capitalization of $53.09 billion, a P/E ratio of 22.47, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a one year low of $90.06 and a one year 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 return on equity of 12.08% and a net margin of 13.74%. On average, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.24%. 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.