Emerson Electric Co. (NYSE:EMR) Shares Sold by Woodline Partners LP

Woodline Partners LP lessened its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 98.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,431 shares of the industrial products company's stock after selling 381,484 shares during the period. Woodline Partners LP's holdings in Emerson Electric were worth $797,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Stephens Consulting LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp purchased a new stake in Emerson Electric in the 4th quarter worth approximately $28,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the 4th quarter worth approximately $30,000. Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric during the 4th quarter valued at approximately $35,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Emerson Electric by 208.2% during the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company's stock valued at $37,000 after buying an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 0.6%

Shares of NYSE:EMR traded down $0.69 during midday trading on Friday, reaching $119.23. 1,389,768 shares of the company's stock were exchanged, compared to its average volume of 2,922,966. The firm's 50 day simple moving average is $108.56 and its two-hundred day simple moving average is $118.89. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The stock has a market cap of $67.07 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during 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 quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $1.36 EPS. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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 issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent analyst reports. Robert W. Baird decreased 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. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Barclays increased their target price on Emerson Electric from $104.00 to $112.00 and gave the company an "underweight" rating in a research report on Friday. Finally, Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $133.53.

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.