Emerson Electric Co. (NYSE:EMR) Holdings Decreased by Hall Laurie J Trustee

Hall Laurie J Trustee reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,725 shares of the industrial products company’s stock after selling 375 shares during the quarter. Hall Laurie J Trustee’s holdings in Emerson Electric were worth $1,530,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Moneta Group Investment Advisors LLC raised its stake in shares of Emerson Electric by 105,280.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock valued at $5,227,354,000 after purchasing an additional 54,365,954 shares in the last quarter. State Street Corp grew its holdings in Emerson Electric by 0.3% during the second quarter. State Street Corp now owns 24,568,180 shares of the industrial products company’s stock worth $2,220,718,000 after acquiring an additional 64,875 shares during the period. Morgan Stanley grew its holdings in Emerson Electric by 7.9% during the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after acquiring an additional 1,008,294 shares during the period. Geode Capital Management LLC grew its holdings in Emerson Electric by 2.2% during the second quarter. Geode Capital Management LLC now owns 10,538,130 shares of the industrial products company’s stock worth $949,669,000 after acquiring an additional 225,683 shares during the period. Finally, Invesco Ltd. grew its holdings in Emerson Electric by 16.9% during the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after acquiring an additional 1,184,202 shares during the period. 72.02% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 0.7 %

EMR opened at $112.02 on Thursday. The business has a 50 day moving average price of $102.15 and a 200 day moving average price of $96.43. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $112.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The firm has a market cap of $63.94 billion, a P/E ratio of 5.83, a price-to-earnings-growth ratio of 1.93 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the company earned $0.78 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Research analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EMR. Berenberg Bank lifted their target price on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada lifted their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. UBS Group dropped their price target on Emerson Electric from $104.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 22nd. Bank of America lifted their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, KeyCorp lifted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $111.61.

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

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.