Schroder Investment Management Group decreased its holdings in Emerson Electric Co.(NYSE:EMR) by 47.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.The fund owned 1,158,035 shares of the industrial products company’s stock after selling 1,038,420 shares during the quarter.Schroder Investment Management Group owned approximately 0.19% of Emerson Electric worth $88,311,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of EMR.
MUFG Securities EMEA plc bought a new stake in shares of Emerson Electric in the fourth quarter worth $38,511,000.Johanson Financial Advisors Inc.grew its stake in shares of Emerson Electric by 7,559.1% in the fourth quarter.Johanson Financial Advisors Inc.
now owns 374,377 shares of the industrial products company’s stock worth $4,909,000 after purchasing an additional 369,489 shares during the last quarter.First Trust Advisors LP grew its stake in shares of Emerson Electric by 27.2% in the third quarter.First Trust Advisors LP now owns 1,685,056 shares of the industrial products company’s stock worth $112,663,000 after purchasing an additional 360,690 shares during the last quarter.Retirement Systems of Alabama grew its stake in shares of Emerson Electric by 129.5% in the fourth quarter.
Retirement Systems of Alabama now owns 618,220 shares of the industrial products company’s stock worth $47,145,000 after purchasing an additional 348,858 shares during the last quarter.Finally, KAMES CAPITAL plc bought a new stake in Emerson Electric during the fourth quarter valued at $25,061,000.72.21% of the stock is currently owned by institutional investors.Get Emerson Electric alerts:
In other news, insider Robert T.
Sharp sold 7,000 shares of the company’s stock in a transaction dated Tuesday, December 17th.The shares were sold at an average price of $76.13, for a total transaction of $532,910.00.Following the transaction, the insider now owns 131,315 shares in the company, valued at $9,997,010.95.The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .0.50% of the stock is currently owned by corporate insiders.
A number of analysts have commented on EMR shares.UBS Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th.They set a “neutral” rating and a $78.00 price target on the stock.HSBC cut shares of Emerson Electric from a “hold” rating to a “reduce” rating and set a $64.00 price target on the stock.
in a research report on Thursday, November 14th.
Cowen reaffirmed a “hold” rating and set a $74.00 price target on shares of Emerson Electric in a research report on Tuesday, February 4th.Deutsche Bank cut their price target on shares of Emerson Electric from $82.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th.Finally, ValuEngine cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, November 25th.
Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company.The stock presently has an average rating of “Hold” and an average price target of $77.08.
Shares of NYSE EMR traded down $2.56 during trading on Tuesday, hitting $63.74.
5,142,225 shares of the company traded hands, compared to its average volume of 3,291,010.The business’s fifty day moving average is $73.37 and its 200 day moving average is $70.21.Emerson Electric Co.has a fifty-two week low of $55.98 and a fifty-two week high of $78.38.The firm has a market capitalization of $40.56 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 2.13 and a beta of 1.38.
The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.81 and a current ratio of 1.13.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, February 4th.The industrial products company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67.Emerson Electric had a net margin of 11.79% and a return on equity of 25.55%.The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.16 billion.During the same quarter in the prior year, the business earned $0.74 earnings per share.
The business’s quarterly revenue was up .1% compared to the same quarter last year.On average, analysts predict that Emerson Electric Co.
will post 3.68 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th.Stockholders of record on Friday, February 14th will be issued a dividend of $0.50 per share.The ex-dividend date is Thursday, February 13th.This represents a $2.00 annualized dividend and a dividend yield of 3.14%.Emerson Electric’s dividend payout ratio is currently 54.20%.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide.The company’s Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
Featured Story: What is required to own or exchange cryptocurrency?
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co.(NYSE:EMR).
Receive News & Ratings for Emerson Electric analysts’ ratings for Emerson Electric and related companies daily email newsletter .
«.
