The Manufacturers Life Insurance Company lowered its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 644,741 shares of the industrial products company's stock after selling 24,850 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.11% of Emerson Electric worth $79,903,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Stephens Consulting LLC acquired a new position in shares of Emerson Electric in the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric during the 4th quarter valued at approximately $28,000. YANKCOM Partnership acquired a new stake in shares of 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 $35,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Stock Performance
EMR stock traded up $2.60 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 firm has a fifty day moving average of $107.63 and a two-hundred day moving average of $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 company has a market capitalization of $61.13 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.95%. Emerson Electric's dividend payout ratio is presently 50.36%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on EMR shares. StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Thursday. Royal Bank of Canada restated an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. KeyCorp dropped their price target on 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, Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $131.67.
Check Out Our Latest Report on Emerson Electric
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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