Intech Investment Management LLC Reduces Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Intech Investment Management LLC cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 44.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,992 shares of the industrial products company’s stock after selling 11,381 shares during the quarter. Intech Investment Management LLC’s holdings in Emerson Electric were worth $1,734,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Emerson Electric in the fourth quarter valued at approximately $297,947,000. State Street Corp lifted its stake in shares of 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 during the last quarter. Fisher Asset Management LLC increased its position in shares of Emerson Electric by 234.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock worth $252,313,000 after purchasing an additional 1,426,718 shares during the last quarter. Swedbank AB raised its holdings in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the period. Finally, Sarasin & Partners LLP boosted its stake in Emerson Electric by 120.6% during the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after buying an additional 965,731 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on EMR shares. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, KeyCorp boosted their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $136.22.

Emerson Electric Stock Performance

NYSE:EMR opened at $112.92 on Friday. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market capitalization of $63.67 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The business’s fifty day moving average price is $121.60 and its 200 day moving average price is $119.02.

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%. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

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.