Tocqueville Asset Management L.P. Sells 11,224 Shares of Emerson Electric Co. $EMR

Key Points

• Tocqueville Asset Management L.P. has reduced its stake in Emerson Electric Co. by 3.4%, owning approximately 0.06% worth $34.6 million after selling 11,224 shares.
• Several hedge funds, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., have increased their investments in Emerson Electric, indicating strong interest from institutional investors.
• Analysts have provided mixed ratings on Emerson Electric, with a consensus rating of "Moderate Buy" and an average target price of $142.39, reflecting optimism despite recent fluctuations.

Tocqueville Asset Management L.P. decreased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 315,731 shares of the industrial products company's stock after selling 11,224 shares during the quarter. Tocqueville Asset Management L.P. owned 0.06% of Emerson Electric worth $34,617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen LLC purchased a new position in Emerson Electric during the 1st quarter worth $737,318,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position 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 buying an additional 2,946,310 shares during the last quarter. Pacer Advisors Inc. raised its position in Emerson Electric by 4,583.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock worth $239,569,000 after buying an additional 2,138,397 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Emerson Electric by 210.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock worth $215,602,000 after buying an additional 1,333,839 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Emerson Electric by 12,707.7% during the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock worth $123,503,000 after purchasing an additional 1,117,646 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EMR. Royal Bank Of Canada upped their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Citigroup boosted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Bank of America boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Stock Down 0.5%

NYSE:EMR traded down $0.61 during trading hours on Thursday, hitting $130.28. The stock had a trading volume of 1,098,918 shares, compared to its average volume of 3,150,912. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The business has a 50 day simple moving average of $136.83 and a two-hundred day simple moving average of $121.85. The company has a market cap of $73.32 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.57 and a beta of 1.32.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.5275 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is 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.