Emerson Electric Co. (NYSE:EMR) Shares Sold by Fiduciary Group LLC

Fiduciary Group LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,927 shares of the industrial products company’s stock after selling 226 shares during the quarter. Fiduciary Group LLC’s holdings in Emerson Electric were worth $869,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Morgan Stanley grew its stake in Emerson Electric by 7.9% during the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after buying an additional 1,008,294 shares during the period. Invesco Ltd. increased its holdings in Emerson Electric by 16.9% in the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after purchasing an additional 1,184,202 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after purchasing an additional 1,558,903 shares in the last quarter. Northern Trust Corp grew its stake in shares of Emerson Electric by 2.4% in the third quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock valued at $692,176,000 after buying an additional 168,783 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Emerson Electric by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,865,155 shares of the industrial products company’s stock valued at $566,398,000 after buying an additional 165,249 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of EMR stock opened at $109.92 on Monday. The stock’s fifty day simple moving average is $110.38 and its 200-day simple moving average is $99.32. The company has a market capitalization of $62.74 billion, a price-to-earnings ratio of 5.73, a P/E/G ratio of 1.90 and a beta of 1.37. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $115.26.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, sell-side analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMR. Citigroup upped their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Barclays boosted their price objective on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Berenberg Bank boosted their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada raised their target price on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, Bank of America boosted their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.25.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

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.