Emerson Electric Co. (NYSE:EMR) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 15.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 774,733 shares of the industrial products company’s stock after selling 139,957 shares during the period. Alliancebernstein L.P. owned 0.14% of Emerson Electric worth $96,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Stephens Consulting LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric during the fourth quarter worth $28,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric in the fourth quarter worth $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on EMR. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Morgan Stanley boosted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Barclays decreased their target price on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 26th. Jefferies Financial Group started coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target for the company. Finally, Citigroup assumed coverage on Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $135.94.

Emerson Electric Stock Up 1.5 %

Shares of Emerson Electric stock opened at $111.64 on Thursday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The stock has a market cap of $62.95 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $119.70 and a 200 day moving average price of $119.81.

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

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.89%. Emerson Electric’s payout ratio is currently 50.36%.

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.