Van ECK Associates Corp Has $248.86 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Van ECK Associates Corp trimmed its position in Emerson Electric Co. (NYSE:EMR) by 48.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,008,081 shares of the industrial products company’s stock after selling 1,888,808 shares during the quarter. Van ECK Associates Corp owned approximately 0.35% of Emerson Electric worth $248,862,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in EMR. Stephens Consulting LLC acquired a new position in Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the 3rd quarter worth $25,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric during the fourth quarter worth $30,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at about $29,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Down 1.9 %

EMR opened at $124.45 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a fifty day moving average price of $126.24 and a two-hundred day moving average price of $116.95. The company has a market cap of $70.88 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts predict that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EMR shares. Robert W. Baird upped their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

About Emerson Electric

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.