Emerson Electric Co. (NYSE:EMR) Stock Holdings Decreased by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. decreased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 425,629 shares of the industrial products company's stock after selling 72,610 shares during the period. Emerson Electric comprises 1.0% of Deprince Race & Zollo Inc.'s portfolio, making the stock its 20th largest holding. Deprince Race & Zollo Inc. owned 0.07% of Emerson Electric worth $52,748,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Emerson Electric during the 4th quarter worth $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Emerson Electric by 3,866.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after buying an additional 2,946,310 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Emerson Electric during the fourth quarter worth about $297,947,000. Boston Partners increased its holdings in Emerson Electric by 136.3% in the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock valued at $411,944,000 after buying an additional 1,913,120 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Emerson Electric by 234.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock worth $252,313,000 after acquiring an additional 1,426,718 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 0.2 %

Shares of EMR stock traded up $0.17 on Friday, reaching $112.55. 2,581,429 shares of the stock were exchanged, compared to its average volume of 2,878,095. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The stock has a market cap of $63.31 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. 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 firm has a 50 day moving average of $106.79 and a two-hundred day moving average of $118.51.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company's revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 EPS. On average, research analysts anticipate 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 will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.87%. Emerson Electric's payout ratio is 50.48%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EMR. Wells Fargo & Company lifted their price objective on Emerson Electric from $110.00 to $121.00 and gave the stock an "overweight" rating in a report 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 on the stock in a research report on Tuesday, April 8th. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. KeyCorp lowered 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 report on Tuesday, April 8th. Finally, Royal Bank of Canada upped their target price on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.88.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

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.