Emerson Electric Co. $EMR Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lowered its position in Emerson Electric Co. (NYSE:EMR) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,738,701 shares of the industrial products company’s stock after selling 100,797 shares during the quarter. Emerson Electric comprises approximately 0.7% of DekaBank Deutsche Girozentrale’s investment portfolio, making the stock its 25th biggest holding. DekaBank Deutsche Girozentrale owned 0.49% of Emerson Electric worth $365,156,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Saudi Central Bank acquired a new position in shares of Emerson Electric during the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Emerson Electric during the first quarter valued at approximately $28,000. Fourth Dimension Wealth LLC increased its stake in shares of Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 154 shares during the period. Finally, PFS Partners LLC increased its stake in shares of Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.3%

Emerson Electric stock opened at $129.34 on Monday. The company has a 50 day moving average price of $131.93 and a 200 day moving average price of $126.07. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The firm has a market capitalization of $72.79 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 2.24 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion during the quarter. Research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

Analyst Ratings Changes

EMR has been the topic of a number of research analyst reports. Wolfe Research lowered their price objective on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their target price on shares of Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Finally, Citigroup raised their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $148.28.

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.