Emerson Electric Co. (NYSE:EMR) Stock Position Lowered by Keybank National Association OH

Keybank National Association OH lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 522,680 shares of the industrial products company’s stock after selling 5,981 shares during the quarter. Keybank National Association OH’s holdings in Emerson Electric were worth $64,776,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EMR. Swedbank AB increased its holdings in Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC increased its stake in shares of Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 180 shares during the last quarter. Focus Financial Network Inc. raised its holdings in shares of Emerson Electric by 3.6% during the 3rd quarter. Focus Financial Network Inc. now owns 3,733 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 128 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in Emerson Electric by 3.6% in the third quarter. Gladstone Institutional Advisory LLC now owns 5,068 shares of the industrial products company’s stock worth $554,000 after purchasing an additional 175 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Emerson Electric by 8.4% during the third quarter. Farther Finance Advisors LLC now owns 9,346 shares of the industrial products company’s stock worth $1,022,000 after buying an additional 727 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 3.8 %

Shares of EMR opened at $116.95 on Tuesday. The firm has a market capitalization of $65.95 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.49 and a beta of 1.34. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The business’s fifty day moving average price is $124.44 and its two-hundred day moving average price is $118.37.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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%. On average, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EMR shares. UBS Group started coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. Daiwa Capital Markets assumed coverage on Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target 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.