Gulf International Bank UK Ltd Sells 11,517 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• Gulf International Bank UK Ltd reduced its holdings in Emerson Electric Co. by 25.7%, now owning 33,217 shares valued at approximately $3.64 million.
• Emerson Electric's stock has received various ratings from analysts, with an average rating of "Moderate Buy" and a target price of $142.39.
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, with an annualized yield of 1.6%.

Gulf International Bank UK Ltd lowered its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,217 shares of the industrial products company's stock after selling 11,517 shares during the period. Gulf International Bank UK Ltd's holdings in Emerson Electric were worth $3,641,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. S Bank Fund Management Ltd bought a new stake in shares of Emerson Electric in the first quarter valued at approximately $3,183,000. National Pension Service raised its position in shares of Emerson Electric by 8.8% in the first quarter. National Pension Service now owns 1,375,643 shares of the industrial products company's stock valued at $150,825,000 after purchasing an additional 110,839 shares during the period. Klingman & Associates LLC bought a new stake in shares of Emerson Electric in the first quarter valued at approximately $391,000. MSH Capital Advisors LLC increased its holdings in Emerson Electric by 0.8% during the 1st quarter. MSH Capital Advisors LLC now owns 21,665 shares of the industrial products company's stock worth $2,375,000 after acquiring an additional 176 shares during the period. Finally, GKV Capital Management Co. Inc. bought a new stake in Emerson Electric during the 1st quarter worth approximately $69,000. Institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EMR. Wells Fargo & Company upped their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Stephens upped their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Bank of America increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Robert W. Baird decreased their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, KeyCorp increased their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Trading Down 1.9%

EMR traded down $2.59 during trading on Friday, hitting $131.78. 3,316,383 shares of the stock traded hands, compared to its average volume of 3,822,612. The firm has a market capitalization of $74.17 billion, a P/E ratio of 28.34, a price-to-earnings-growth ratio of 2.57 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a 50-day moving average of $136.53 and a 200 day moving average of $121.77. 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 announced 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 net margin of 14.92% and a return on equity of 14.34%. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 EPS. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

Emerson Electric 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.