Union Bancaire Privee UBP SA Sells 8,547 Shares of Emerson Electric Co. $EMR

Union Bancaire Privee UBP SA lowered its position in Emerson Electric Co. (NYSE:EMR) by 55.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,774 shares of the industrial products company’s stock after selling 8,547 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Emerson Electric were worth $889,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Saudi Central Bank bought a new position in shares of Emerson Electric during the 1st quarter worth $25,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the second quarter worth about $29,000. Winnow Wealth LLC bought a new position in Emerson Electric during the 2nd quarter worth about $34,000. PFS Partners LLC increased its position in Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 108 shares during the period. Finally, Traub Capital Management LLC bought a new stake in shares of Emerson Electric in the 2nd quarter valued at about $37,000. 74.30% of the stock is owned by institutional investors.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total transaction of $965,979.00. Following the sale, the chief executive officer directly owned 196,292 shares of the company’s stock, valued at $26,106,836. The trade was a 3.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

Emerson Electric Trading Down 1.8%

Shares of NYSE:EMR opened at $131.67 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.88 and a quick ratio of 0.65. The firm has a market capitalization of $74.04 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.19 and a beta of 1.26. The business’s 50-day moving average is $132.29 and its 200 day moving average is $133.39. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%. On average, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric announced that its Board of Directors has approved a share buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a $0.555 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, November 14th. Emerson Electric’s dividend payout ratio is 54.95%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EMR. Royal Bank Of Canada dropped their price objective on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Jefferies Financial Group restated a “hold” rating and set a $145.00 price objective on shares of Emerson Electric in a research note on Wednesday, December 10th. Daiwa Capital Markets lifted their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $149.06.

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.