Emerson Electric Co. (NYSE:EMR) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,584 shares of the industrial products company’s stock after selling 1,890 shares during the period. Amalgamated Bank’s holdings in Emerson Electric were worth $13,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EMR. FourThought Financial Partners LLC acquired a new stake in Emerson Electric during the fourth quarter worth $580,000. Mengis Capital Management Inc. grew its holdings in shares of Emerson Electric by 1.1% during the 4th quarter. Mengis Capital Management Inc. now owns 37,192 shares of the industrial products company’s stock worth $4,609,000 after purchasing an additional 405 shares during the period. BankPlus Trust Department acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $40,000. Crestwood Advisors Group LLC raised its holdings in Emerson Electric by 1.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 44,235 shares of the industrial products company’s stock valued at $5,482,000 after buying an additional 647 shares during the period. Finally, IFP Advisors Inc boosted its stake in Emerson Electric by 92.3% during the fourth quarter. IFP Advisors Inc now owns 11,146 shares of the industrial products company’s stock worth $1,381,000 after buying an additional 5,350 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Loop Capital boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Stock Performance

Shares of EMR stock opened at $119.68 on Wednesday. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company has a market cap of $67.49 billion, a P/E ratio of 28.56, a PEG ratio of 2.49 and a beta of 1.34. The firm has a fifty day moving average price of $124.72 and a 200 day moving average price of $117.93.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

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.