Becker Capital Management Inc. decreased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,565 shares of the industrial products company's stock after selling 10,614 shares during the quarter. Becker Capital Management Inc.'s holdings in Emerson Electric were worth $13,083,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Stephens Consulting LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric during the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $28,000. YANKCOM Partnership purchased a new position in Emerson Electric during the fourth quarter worth approximately $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $35,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on EMR. Citigroup dropped their price target on shares of Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a report on Thursday. Wells Fargo & Company raised their target price on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, KeyCorp dropped their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.67.
Get Our Latest Analysis on Emerson Electric
Emerson Electric Trading Up 2.5 %
EMR traded up $2.60 during trading hours on Friday, reaching $108.41. The company's stock had a trading volume of 2,569,836 shares, compared to its average volume of 2,929,644. The business's 50-day moving average is $107.63 and its 200-day moving average is $118.45. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The stock has a market cap of $61.13 billion, a PE ratio of 25.87, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors 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 annualized dividend and a yield of 1.95%. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.
About Emerson Electric
(
Free Report)
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.
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