Personal Capital Advisors Corp reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,822 shares of the industrial products company’s stock after selling 520 shares during the quarter. Personal Capital Advisors Corp’s holdings in Emerson Electric were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Emerson Electric by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,043,403 shares of the industrial products company’s stock valued at $384,610,000 after acquiring an additional 69,801 shares during the period. FMR LLC lifted its holdings in Emerson Electric by 2.2% in the fourth quarter. FMR LLC now owns 3,958,181 shares of the industrial products company’s stock valued at $301,850,000 after acquiring an additional 84,853 shares during the period. Stifel Financial Corp lifted its holdings in Emerson Electric by 38.9% in the fourth quarter. Stifel Financial Corp now owns 3,112,247 shares of the industrial products company’s stock valued at $237,388,000 after acquiring an additional 872,046 shares during the period. Franklin Resources Inc. lifted its holdings in Emerson Electric by 4.6% in the fourth quarter. Franklin Resources Inc. now owns 1,982,966 shares of the industrial products company’s stock valued at $151,220,000 after acquiring an additional 87,821 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Emerson Electric by 7.8% in the fourth quarter. First Trust Advisors LP now owns 1,816,395 shares of the industrial products company’s stock valued at $138,518,000 after acquiring an additional 131,339 shares during the period. 73.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the company. Barclays increased their target price on Emerson Electric from $75.00 to $78.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. They noted that the move was a valuation call. Stephens restated a “buy” rating and issued a $86.00 price target on shares of Emerson Electric in a research report on Monday, December 16th. Bank of America increased their target price on Emerson Electric from $87.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Wolfe Research cut Emerson Electric from an “outperform” rating to a “market perform” rating and set a $71.00 target price for the company. in a research report on Thursday. Finally, Morgan Stanley increased their target price on Emerson Electric from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Emerson Electric currently has a consensus rating of “Hold” and an average price target of $77.00.
Shares of NYSE:EMR traded up $4.15 during trading on Friday, hitting $50.33. 12,187,148 shares of the company’s stock were exchanged, compared to its average volume of 5,483,485. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 0.81. Emerson Electric Co. has a 52-week low of $45.12 and a 52-week high of $78.38. The business’s 50-day simple moving average is $69.38 and its 200 day simple moving average is $70.28. The company has a market cap of $28.25 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 1.54 and a beta of 1.38.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, February 4th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.16 billion. Emerson Electric had a return on equity of 25.55% and a net margin of 11.79%. The firm’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $0.74 earnings per share. On average, sell-side analysts anticipate that Emerson Electric Co. will post 3.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.97%. The ex-dividend date was Thursday, February 13th. Emerson Electric’s dividend payout ratio is presently 54.20%.
In other news, Director Arthur F. Golden purchased 5,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $51.47 per share, for a total transaction of $257,350.00. Following the acquisition, the director now directly owns 81,898 shares of the company’s stock, valued at approximately $4,215,290.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert T. Sharp sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $76.13, for a total value of $532,910.00. Following the transaction, the insider now owns 131,315 shares of the company’s stock, valued at approximately $9,997,010.95. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.
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.
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