First Trust Advisors LP Has $68.83 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

First Trust Advisors LP reduced its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,395 shares of the industrial products company's stock after selling 48,364 shares during the quarter. First Trust Advisors LP owned approximately 0.10% of Emerson Electric worth $68,830,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $28,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $35,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of research reports. Citigroup lowered their target price on Emerson Electric from $132.00 to $119.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price objective on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, StockNews.com upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.67.

Emerson Electric Stock Up 0.2 %

Shares of NYSE:EMR traded up $0.19 during trading on Friday, hitting $105.24. 2,636,051 shares of the company's stock traded hands, compared to its average volume of 2,942,892. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company has a market cap of $59.34 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a 50-day moving average price of $109.27 and a 200-day moving average price of $118.74.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, research 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 was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's payout ratio is 50.36%.

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.