American Century Companies Inc. Sells 1,310,569 Shares of Emerson Electric Co. (NYSE:EMR)

American Century Companies Inc. lessened its stake in Emerson Electric Co. (NYSE:EMR) by 52.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,187,830 shares of the industrial products company’s stock after selling 1,310,569 shares during the period. American Century Companies Inc. owned 0.21% of Emerson Electric worth $147,208,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC bought a new position in Emerson Electric in the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the 4th quarter worth $27,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric in the fourth quarter valued at about $30,000. Fiduciary Advisors Inc. purchased a new stake in Emerson Electric in the fourth quarter worth about $35,000. Finally, BankPlus Trust Department purchased a new position in Emerson Electric during the 4th quarter valued at about $40,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 1.0 %

Shares of NYSE:EMR opened at $112.92 on Monday. The business has a 50-day moving average price of $121.60 and a 200-day moving average price of $119.27. The stock has a market cap of $63.67 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EMR. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley lifted their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. KeyCorp raised their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Loop Capital increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.22.

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.