Nuveen Asset Management LLC Sells 993,156 Shares of Emerson Electric Co. (NYSE:EMR)

Nuveen Asset Management LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 12.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,677,891 shares of the industrial products company’s stock after selling 993,156 shares during the period. Nuveen Asset Management LLC’s holdings in Emerson Electric were worth $827,591,000 as of its most recent SEC filing.

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

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by company insiders.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $121.58 on Wednesday. The business’s 50 day moving average is $106.97 and its 200-day moving average is $118.69. The firm has a market cap of $68.39 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.74%. Emerson Electric’s dividend payout ratio is presently 50.48%.

Analyst Ratings Changes

Several equities research analysts have commented on EMR shares. Citigroup boosted their price target on shares of Emerson Electric from $119.00 to $127.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Barclays upped their target price on Emerson Electric from $99.00 to $104.00 and gave the stock an “underweight” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. reduced their price target on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Finally, Daiwa Capital Markets started coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.88.

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.