Wellington Management Group LLP Cuts Stake in Emerson Electric Co. (NYSE:EMR)

Wellington Management Group LLP trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,300,298 shares of the industrial products company’s stock after selling 252,246 shares during the quarter. Wellington Management Group LLP owned about 2.54% of Emerson Electric worth $1,772,236,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of EMR. GDS Wealth Management raised its position in shares of Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after buying an additional 79 shares during the period. Mcdonald Partners LLC raised its holdings in shares of Emerson Electric by 0.6% in the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after purchasing an additional 81 shares during the period. Berkshire Bank lifted its stake in shares of Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock valued at $321,000 after purchasing an additional 89 shares in the last quarter. Little House Capital LLC grew its holdings in shares of Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock worth $2,108,000 after purchasing an additional 89 shares during the period. Finally, Grove Bank & Trust raised its holdings in Emerson Electric by 5.4% in the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 3.1 %

NYSE:EMR opened at $108.56 on Monday. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market cap of $61.22 billion, a PE ratio of 25.91, a P/E/G ratio of 2.49 and a beta of 1.36. The business’s 50 day moving average is $120.75 and its two-hundred day moving average is $119.75.

Emerson Electric (NYSE:EMR) last released 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 net margin of 13.74% and a return on equity of 12.08%. On average, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.94%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EMR shares. Citigroup initiated coverage on shares of Emerson Electric in a research report on Monday, March 17th. They issued a “buy” rating and a $132.00 price objective for the company. Morgan Stanley raised their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Loop Capital upped their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.94.

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.