Emerson Electric Co. (NYSE:EMR) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,375 shares of the industrial products company's stock after selling 5,539 shares during the period. USS Investment Management Ltd's holdings in Emerson Electric were worth $4,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of EMR. Norges Bank purchased a new stake in Emerson Electric during the 4th quarter worth about $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Emerson Electric by 3,866.2% during the 4th 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 purchasing an additional 2,946,310 shares during the period. Raymond James Financial Inc. purchased a new stake in Emerson Electric during the 4th quarter worth about $297,947,000. Boston Partners increased its holdings in Emerson Electric by 136.3% during 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. Finally, Fisher Asset Management LLC increased its holdings in 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. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on EMR. Barclays upped their price target on Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a 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 on the stock in a research report on Thursday, May 8th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price on the stock. JPMorgan Chase & Co. raised 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, Royal Bank of Canada raised their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued 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 an average price target of $133.06.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value 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. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company's stock.

Emerson Electric Trading Up 1.1%

Shares of EMR stock opened at $117.37 on Friday. The business's 50 day moving average is $107.91 and its two-hundred day moving average is $119.11. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company has a market capitalization of $66.02 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results 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 company had revenue of $4.43 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $1.36 EPS. Equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.80%. Emerson Electric's dividend payout ratio is currently 50.48%.

About Emerson Electric

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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