Emerson Electric Co. (NYSE:EMR) Shares Sold by NN Investment Partners Holdings N.V.


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NN Investment Partners Holdings N.V. trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 787,479 shares of the industrial products company’s stock after selling 46,602 shares during the period. NN Investment Partners Holdings N.V. owned 0.13% of Emerson Electric worth $71,045,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Pekin Hardy Strauss Inc. grew its holdings in shares of Emerson Electric by 1.2% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 10,374 shares of the industrial products company’s stock worth $834,000 after purchasing an additional 120 shares in the last quarter. Ipswich Investment Management Co. Inc. lifted its position in shares of Emerson Electric by 0.4% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 29,347 shares of the industrial products company’s stock worth $2,648,000 after buying an additional 124 shares during the last quarter. Aevitas Wealth Management Inc. lifted its position in shares of Emerson Electric by 1.2% during the 4th quarter. Aevitas Wealth Management Inc. now owns 10,390 shares of the industrial products company’s stock worth $835,000 after buying an additional 126 shares during the last quarter. Hotaling Investment Management LLC lifted its position in shares of Emerson Electric by 1.2% during the 4th quarter. Hotaling Investment Management LLC now owns 11,416 shares of the industrial products company’s stock worth $918,000 after buying an additional 130 shares during the last quarter. Finally, Fulcrum Equity Management lifted its position in shares of Emerson Electric by 3.0% during the 1st quarter. Fulcrum Equity Management now owns 4,486 shares of the industrial products company’s stock worth $405,000 after buying an additional 130 shares during the last quarter. 73.59% of the stock is currently owned by institutional investors.

NYSE EMR traded down $0.73 during trading hours on Tuesday, hitting $90.20. 39,848 shares of the company’s stock were exchanged, compared to its average volume of 2,797,129. The company has a current ratio of 1.52, a quick ratio of 1.19 and a debt-to-equity ratio of 0.75. Emerson Electric Co. has a 1-year low of $50.03 and a 1-year high of $93.57. The stock has a 50-day simple moving average of $90.96 and a 200 day simple moving average of $82.80. The firm has a market cap of $54.12 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 2.46 and a beta of 1.55.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Monday, February 1st. The industrial products company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.15. Emerson Electric had a return on equity of 25.98% and a net margin of 11.71%. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts anticipate that Emerson Electric Co. will post 3.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Friday, February 12th were paid a $0.505 dividend. The ex-dividend date was Thursday, February 11th. This represents a $2.02 dividend on an annualized basis and a yield of 2.24%. Emerson Electric’s dividend payout ratio (DPR) is presently 58.38%.

EMR has been the subject of several research reports. Gordon Haskett upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research report on Tuesday, January 19th. Credit Suisse Group increased their target price on Emerson Electric from $94.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. JPMorgan Chase & Co. increased their target price on Emerson Electric from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, February 4th. Citigroup raised their price objective on Emerson Electric from $94.00 to $98.00 in a research report on Wednesday, February 3rd. Finally, Barclays raised their price objective on Emerson Electric from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 13th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $90.08.

Emerson Electric Profile

Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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