Cetera Investment Advisers Sells 9,573 Shares of Emerson Electric Co. (NYSE:EMR)

Cetera Investment Advisers decreased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 218,987 shares of the industrial products company's stock after selling 9,573 shares during the period. Cetera Investment Advisers' holdings in Emerson Electric were worth $27,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Emerson Electric during the 4th quarter worth $885,886,000. Raymond James Financial Inc. acquired a new stake in Emerson Electric during the fourth quarter worth about $297,947,000. Boston Partners raised its holdings in shares of Emerson Electric by 136.3% in the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after purchasing an additional 1,913,120 shares during the period. Fisher Asset Management LLC grew its holdings 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 purchasing an additional 1,426,718 shares during the period. Finally, Sarasin & Partners LLP increased its position in Emerson Electric by 120.6% during the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company's stock worth $218,889,000 after purchasing an additional 965,731 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Emerson Electric Stock Performance

Emerson Electric stock traded up $0.17 during trading hours on Friday, hitting $112.55. The stock had a trading volume of 2,581,429 shares, compared to its average volume of 2,878,095. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a market cap of $63.31 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The company has a 50-day moving average of $106.79 and a two-hundred day moving average of $118.51. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the prior year, the firm posted $1.36 EPS. Emerson Electric's quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal 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 given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Citigroup boosted their price objective on shares of Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. reduced their price target on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $110.00 to $121.00 and gave the stock an "overweight" rating in a research report on Thursday. Morgan Stanley lifted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Finally, Barclays upped their target price on Emerson Electric from $99.00 to $104.00 and gave the company an "underweight" rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $130.88.

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.