Emerson Electric Co. (NYSE:EMR) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 1.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 216,344 shares of the industrial products company’s stock after selling 3,573 shares during the quarter. Financial Counselors Inc.’s holdings in Emerson Electric were worth $26,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of Emerson Electric in the 4th quarter valued at $297,947,000. Boston Partners grew its position in Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock worth $411,944,000 after buying an additional 1,913,120 shares during the period. State Street Corp increased its stake in Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Emerson Electric by 234.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock valued at $252,313,000 after buying an additional 1,426,718 shares in the last quarter. Finally, Sarasin & Partners LLP grew its position in shares of Emerson Electric by 120.6% in the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock valued at $218,889,000 after purchasing an additional 965,731 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR opened at $115.21 on Wednesday. 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 $64.97 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The business’s 50 day moving average is $121.44 and its 200-day moving average is $119.50. 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 announced 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 return on equity of 12.08% and a net margin of 13.74%. On average, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Ratings Changes

A number of analysts recently commented on EMR shares. Citigroup began coverage on Emerson Electric in a research note on Monday, March 17th. They set a “buy” rating and a $132.00 price objective on the stock. Wells Fargo & Company upped their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. KeyCorp boosted their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $136.22.

Emerson Electric 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.