Securian Asset Management Inc. Sells 1,030 Shares of Emerson Electric Co. (NYSE:EMR)

Securian Asset Management Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,645 shares of the industrial products company’s stock after selling 1,030 shares during the period. Securian Asset Management Inc.’s holdings in Emerson Electric were worth $3,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Stephens Consulting LLC bought a new stake in Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric during the 4th quarter worth $27,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric during the 4th quarter worth $30,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter worth $29,000. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Emerson Electric during the 4th quarter worth $35,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR opened at $110.87 on Thursday. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year 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 company has a market capitalization of $62.52 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The business has a 50-day moving average of $122.86 and a 200-day moving average of $118.77.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data 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%. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed 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 1.90%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Analyst Ratings Changes

Several analysts have recently issued reports on EMR shares. BNP Paribas started coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. KeyCorp raised their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, Jefferies Financial Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $136.28.

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.