GAM Holding AG Sells 293 Shares of Emerson Electric Co. (NYSE:EMR)

GAM Holding AG lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,346 shares of the industrial products company’s stock after selling 293 shares during the quarter. GAM Holding AG’s holdings in Emerson Electric were worth $9,214,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EMR. Venturi Wealth Management LLC increased its stake in Emerson Electric by 34.2% during the 4th quarter. Venturi Wealth Management LLC now owns 5,409 shares of the industrial products company’s stock valued at $670,000 after purchasing an additional 1,378 shares in the last quarter. Empower Advisory Group LLC raised its position in Emerson Electric by 15.8% during the fourth quarter. Empower Advisory Group LLC now owns 7,786 shares of the industrial products company’s stock valued at $965,000 after acquiring an additional 1,065 shares in the last quarter. Pittenger & Anderson Inc. lifted its stake in shares of Emerson Electric by 0.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company’s stock valued at $4,466,000 after purchasing an additional 95 shares during the period. Highview Capital Management LLC DE purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $775,000. Finally, Catalyst Capital Advisors LLC increased its holdings in Emerson Electric by 83.3% in the 4th quarter. Catalyst Capital Advisors LLC now owns 726 shares of the industrial products company’s stock worth $90,000 after acquiring an additional 330 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR stock opened at $123.30 on Tuesday. The business’s fifty day moving average price is $125.73 and its 200 day moving average price is $117.11. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The company has a market capitalization of $70.22 billion, a PE ratio of 29.43, a P/E/G ratio of 2.16 and a beta of 1.34. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EMR. Barclays boosted their price target on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Robert W. Baird boosted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.90.

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.