Stevens Capital Management LP Sells 3,339 Shares of Emerson Electric Co. (NYSE:EMR)

Stevens Capital Management LP reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 34.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,460 shares of the industrial products company’s stock after selling 3,339 shares during the period. Stevens Capital Management LP’s holdings in Emerson Electric were worth $629,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Syon Capital LLC boosted its holdings in Emerson Electric by 26.9% in the 4th quarter. Syon Capital LLC now owns 3,452 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 732 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in Emerson Electric by 13.3% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,112 shares of the industrial products company’s stock worth $1,276,000 after acquiring an additional 1,537 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in Emerson Electric by 5.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 37,909 shares of the industrial products company’s stock worth $3,690,000 after acquiring an additional 2,076 shares in the last quarter. Wynn Capital LLC bought a new position in Emerson Electric during the fourth quarter worth $444,000. Finally, Private Management Group Inc. lifted its stake in shares of Emerson Electric by 7.5% in the fourth quarter. Private Management Group Inc. now owns 2,901 shares of the industrial products company’s stock valued at $282,000 after buying an additional 203 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Mizuho increased their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Citigroup increased their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. UBS Group raised their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Berenberg Bank raised their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $116.25.

Emerson Electric Stock Down 0.0 %

Shares of EMR stock traded down $0.05 during mid-day trading on Thursday, reaching $109.57. 1,639,631 shares of the company’s stock traded hands, compared to its average volume of 2,619,104. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The company has a market cap of $62.54 billion, a P/E ratio of 5.71, a P/E/G ratio of 1.90 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $110.23 and its 200-day moving average price is $99.11.

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

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 2,413 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

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.