Emerson Electric Co. (NYSE:EMR) Shares Sold by Ieq Capital LLC

Ieq Capital LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 33.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,623 shares of the industrial products company’s stock after selling 9,862 shares during the quarter. Ieq Capital LLC’s holdings in Emerson Electric were worth $2,432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Swedbank AB increased its stake in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC raised its holdings in Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after buying an additional 180 shares during the period. International Assets Investment Management LLC lifted its position in Emerson Electric by 14,768.8% in the third quarter. International Assets Investment Management LLC now owns 468,069 shares of the industrial products company’s stock valued at $51,193,000 after buying an additional 464,921 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of Emerson Electric during the third quarter valued at about $370,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Emerson Electric by 24.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,643 shares of the industrial products company’s stock valued at $4,439,000 after acquiring an additional 8,064 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 2.3 %

EMR opened at $121.88 on Monday. The company has a market capitalization of $68.73 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The business has a 50-day moving average of $125.08 and a 200-day moving average of $117.70.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. Robert W. Baird raised their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Jefferies Financial Group initiated coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

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.