BI Asset Management Fondsmaeglerselskab A S Sells 1,692 Shares of Emerson Electric Co. (NYSE:EMR)

BI Asset Management Fondsmaeglerselskab A S decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,429 shares of the industrial products company’s stock after selling 1,692 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Emerson Electric were worth $1,404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tobam grew its position in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Emerson Electric during the fourth quarter valued at about $35,000. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the fourth quarter valued at about $39,000. Pacific Capital Wealth Advisors Inc. bought a new stake in Emerson Electric during the fourth quarter valued at about $39,000. Finally, MCF Advisors LLC boosted its position in Emerson Electric by 1,484.6% during the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 386 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $113.70 on Wednesday. The business’s 50 day moving average price is $111.64 and its 200-day moving average price is $101.67. The firm has a market capitalization of $65.05 billion, a PE ratio of 6.08, a P/E/G ratio of 1.90 and a beta of 1.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $116.76.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.11. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. Emerson Electric’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 EPS. As a group, equities research analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, May 16th. Emerson Electric’s payout ratio is currently 11.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Bank of America raised their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. UBS Group raised their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Mizuho raised their price target on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Citigroup raised their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Barclays raised their price target on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $120.56.

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.