Emerson Electric Co. (NYSE:EMR) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in Emerson Electric Co. (NYSE:EMR) by 34.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 213,611 shares of the industrial products company’s stock after selling 112,885 shares during the quarter. Sei Investments Co.’s holdings in Emerson Electric were worth $26,475,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted 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 worth $205,000 after buying an additional 180 shares during the last quarter. Summit Trail Advisors LLC increased its position in shares of Emerson Electric by 3.0% during the third quarter. Summit Trail Advisors LLC now owns 9,273 shares of the industrial products company’s stock worth $1,014,000 after purchasing an additional 273 shares in the last quarter. Fisher Asset Management LLC raised its stake in Emerson Electric by 149.9% in the 3rd quarter. Fisher Asset Management LLC now owns 609,216 shares of the industrial products company’s stock valued at $66,630,000 after purchasing an additional 365,386 shares during the last quarter. Independent Advisor Alliance boosted its stake in Emerson Electric by 0.6% during the 3rd quarter. Independent Advisor Alliance now owns 31,381 shares of the industrial products company’s stock worth $3,432,000 after purchasing an additional 176 shares during the last quarter. Finally, DRW Securities LLC grew its holdings in shares of Emerson Electric by 195.8% during the third quarter. DRW Securities LLC now owns 6,272 shares of the industrial products company’s stock worth $686,000 after buying an additional 4,152 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EMR shares. Barclays lowered shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $135.00 to $110.00 in a research report on Monday, March 10th. Daiwa Capital Markets started coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. KeyCorp lifted their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Wells Fargo & Company raised their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley boosted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $136.22.

Emerson Electric Trading Down 0.1 %

Shares of NYSE EMR opened at $115.21 on Wednesday. The stock has a fifty day simple moving average of $121.44 and a 200-day simple moving average of $119.50. Emerson Electric Co. has a twelve month low of $96.62 and a twelve 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 stock has a market capitalization of $64.97 billion, a PE ratio of 27.50, a PEG ratio of 2.49 and a beta of 1.36.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Emerson Electric Company 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.