SageView Advisory Group LLC Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

SageView Advisory Group LLC reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,527 shares of the industrial products company’s stock after selling 2,336 shares during the period. SageView Advisory Group LLC’s holdings in Emerson Electric were worth $1,092,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Morgan Stanley increased its stake in Emerson Electric by 7.9% during the 3rd 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 in the last quarter. Wells Fargo & Company MN grew its position in shares of Emerson Electric by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock valued at $1,036,982,000 after purchasing an additional 62,105 shares in the last quarter. Invesco Ltd. grew its position 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 valued at $791,858,000 after purchasing an additional 1,184,202 shares in the last quarter. Norges Bank purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $764,604,000. Finally, Nordea Investment Management AB grew its position 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 valued at $723,873,000 after purchasing an additional 1,558,903 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 0.8 %

NYSE:EMR traded up $0.93 during trading hours on Friday, reaching $113.42. 1,345,232 shares of the stock were exchanged, compared to its average volume of 3,333,393. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $111.82 and a two-hundred day moving average of $102.11. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $116.76. The company has a market capitalization of $64.89 billion, a price-to-earnings ratio of 6.07, a PEG ratio of 1.89 and a beta of 1.36.

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

Emerson Electric Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Royal Bank of Canada upped their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Mizuho upped their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Berenberg Bank upped their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Barclays upped their price objective 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 given a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $120.56.

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.