Gladstone Institutional Advisory LLC Lowers Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Gladstone Institutional Advisory LLC lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,307 shares of the industrial products company’s stock after selling 604 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Emerson Electric were worth $517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EMR. Norges Bank purchased a new stake in Emerson Electric during the fourth quarter valued at about $764,604,000. Adage Capital Partners GP L.L.C. lifted its stake in shares of Emerson Electric by 255.5% in the third quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock worth $270,771,000 after acquiring an additional 2,015,232 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Emerson Electric by 26.5% in 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 acquiring an additional 1,558,903 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Emerson Electric by 211.7% in the third quarter. Schroder Investment Management Group now owns 2,003,099 shares of the industrial products company’s stock worth $193,439,000 after acquiring an additional 1,360,477 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Emerson Electric by 16.9% in the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after acquiring an additional 1,184,202 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Robert W. Baird cut their price objective on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and upped their price objective for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. Loop Capital upped their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Barclays upped their target price on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $120.56.

Emerson Electric Stock Performance

EMR opened at $114.68 on Thursday. The company has a market capitalization of $65.61 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth 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. The business has a 50 day moving average price of $111.72 and a two-hundred day moving average price of $101.76.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. Research analysts predict that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a dividend of $0.525 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.83%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

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.