Credit Agricole S A Sells 20,709 Shares of Emerson Electric Co. $EMR

Key Points

• Credit Agricole S A reduced its investment in Emerson Electric Co. by 13.6%, selling 20,709 shares and holding 131,419 shares valued at approximately $14.41 million as of the latest SEC filing.
• Several hedge funds have increased their stakes in Emerson Electric, with Brighton Jones LLC leading with a 74.1% boost in the fourth quarter.
• Analysts are optimistic about Emerson Electric, as price targets have been raised by various firms, with a consensus stock rating of "Moderate Buy" and a target price of $142.39.

Credit Agricole S A decreased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 13.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131,419 shares of the industrial products company's stock after selling 20,709 shares during the quarter. Credit Agricole S A's holdings in Emerson Electric were worth $14,409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP increased its position in Emerson Electric by 6.9% in the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock worth $1,675,403,000 after buying an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. increased its position in Emerson Electric by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock worth $785,770,000 after buying an additional 611,105 shares in the last quarter. Nuveen LLC purchased a new stake in Emerson Electric in the first quarter worth about $737,318,000. Northern Trust Corp increased its position in Emerson Electric by 5.9% in the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after buying an additional 370,560 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Emerson Electric by 9.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company's stock worth $478,710,000 after buying an additional 339,355 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on EMR shares. Royal Bank Of Canada upped their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Robert W. Baird cut their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Price Performance

NYSE EMR traded up $3.5360 during trading on Friday, hitting $133.6260. 3,643,223 shares of the stock traded hands, compared to its average volume of 3,837,648. The company has a market capitalization of $75.20 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 2.61 and a beta of 1.32. The firm has a 50-day simple moving average of $137.06 and a 200-day simple moving average of $121.89. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. The business had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. As a group, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

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.