AQR Capital Management LLC Has $6.73 Million Position in Emerson Electric Co. (NYSE:EMR)

AQR Capital Management LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 32.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,316 shares of the industrial products company's stock after selling 26,153 shares during the quarter. AQR Capital Management LLC's holdings in Emerson Electric were worth $6,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its position in shares of Emerson Electric by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 586,319 shares of the industrial products company's stock valued at $66,043,000 after purchasing an additional 17,913 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Emerson Electric by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 812,976 shares of the industrial products company's stock valued at $88,915,000 after purchasing an additional 23,205 shares during the last quarter. CWA Asset Management Group LLC raised its stake in shares of Emerson Electric by 6.0% in the fourth quarter. CWA Asset Management Group LLC now owns 4,236 shares of the industrial products company's stock worth $525,000 after purchasing an additional 238 shares during the last quarter. Fulton Bank N.A. lifted its holdings in shares of Emerson Electric by 32.4% in the 4th quarter. Fulton Bank N.A. now owns 9,002 shares of the industrial products company's stock valued at $1,116,000 after buying an additional 2,205 shares during the period. Finally, InvesTrust purchased a new position in Emerson Electric in the fourth quarter valued at $1,536,000. Institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective for the company. KeyCorp cut their price target on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company boosted their target price on Emerson Electric from $110.00 to $121.00 and gave the stock an "overweight" rating in a research note on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays raised their target price on shares of Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus target price of $130.88.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.50% of the company's stock.

Emerson Electric Trading Up 6.4%

Emerson Electric stock traded up $7.20 during midday trading on Monday, reaching $119.75. The stock had a trading volume of 2,401,071 shares, compared to its average volume of 2,876,441. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The stock's 50-day simple moving average is $106.79 and its 200 day simple moving average is $118.59. The stock has a market capitalization of $67.36 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 EPS. Analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

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.