Man Group plc Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

Man Group plc lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 49.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,760 shares of the industrial products company's stock after selling 61,109 shares during the quarter. Man Group plc's holdings in Emerson Electric were worth $7,654,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in EMR. GDS Wealth Management increased its stake in Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after purchasing an additional 79 shares during the last quarter. Mcdonald Partners LLC grew its position in shares of Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after acquiring an additional 81 shares during the last quarter. Berkshire Bank grew its position in shares of Emerson Electric by 3.6% during the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after acquiring an additional 89 shares during the last quarter. Little House Capital LLC grew its position in shares of Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock worth $2,108,000 after acquiring an additional 89 shares during the last quarter. Finally, Grove Bank & Trust grew its position in shares of Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after acquiring an additional 90 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays raised their target price on Emerson Electric from $99.00 to $104.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Wells Fargo & Company upped their price target on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday. Daiwa America raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Citigroup lifted their price target on Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have given 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $133.06.

Emerson Electric Trading Up 0.6%

EMR traded up $0.73 during midday trading on Friday, hitting $118.08. 4,430,913 shares of the company were exchanged, compared to its average volume of 2,928,877. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm's 50 day moving average price is $108.03 and its 200-day moving average price is $119.00. The firm has a market capitalization of $66.42 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the company earned $1.36 EPS. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business'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 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 approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

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.