Janus Henderson Group PLC Has $11.84 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Janus Henderson Group PLC cut its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,541 shares of the industrial products company's stock after selling 4,836 shares during the period. Janus Henderson Group PLC's holdings in Emerson Electric were worth $11,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EMR. Carnegie Investment Counsel lifted its position in Emerson Electric by 4.1% in the 4th quarter. Carnegie Investment Counsel now owns 96,394 shares of the industrial products company's stock valued at $11,946,000 after acquiring an additional 3,812 shares in the last quarter. Empirical Asset Management LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth about $1,793,000. Occidental Asset Management LLC raised its position in Emerson Electric by 7.0% in the 4th quarter. Occidental Asset Management LLC now owns 35,515 shares of the industrial products company's stock valued at $4,401,000 after buying an additional 2,310 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in Emerson Electric in the 4th quarter valued at approximately $82,000. Finally, Goldstone Financial Group LLC boosted its position in Emerson Electric by 15.7% during the 4th quarter. Goldstone Financial Group LLC now owns 4,162 shares of the industrial products company's stock worth $516,000 after acquiring an additional 564 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EMR shares. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price for the company. Barclays raised their price objective on Emerson Electric from $99.00 to $104.00 and gave the company an "underweight" rating in a report on Thursday, May 8th. Morgan Stanley increased their price target on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. KeyCorp lowered their target price on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.24.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Emerson Electric stock traded down $1.63 during mid-day trading on Tuesday, reaching $117.95. 2,770,618 shares of the company were exchanged, compared to its average volume of 2,907,116. The company has a fifty day simple moving average of $107.58 and a 200-day simple moving average of $119.09. The firm has a market cap of $66.35 billion, a PE ratio of 28.15, a PEG ratio of 2.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last announced 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. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the company posted $1.36 earnings per share. The business's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

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.