Emerson Electric Co. (NYSE:EMR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,677,891 shares of the industrial products company's stock after selling 993,156 shares during the period. Nuveen Asset Management LLC owned approximately 1.17% of Emerson Electric worth $827,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Czech National Bank increased its position in Emerson Electric by 6.0% during the fourth quarter. Czech National Bank now owns 123,631 shares of the industrial products company's stock worth $15,322,000 after purchasing an additional 6,966 shares during the last quarter. Fiduciary Alliance LLC acquired a new stake in Emerson Electric during the fourth quarter worth about $1,112,000. Brookstone Capital Management increased its position in Emerson Electric by 57.2% during the fourth quarter. Brookstone Capital Management now owns 18,833 shares of the industrial products company's stock worth $2,334,000 after purchasing an additional 6,855 shares during the last quarter. Capital Investment Advisors LLC increased its position in Emerson Electric by 0.6% during the fourth quarter. Capital Investment Advisors LLC now owns 23,038 shares of the industrial products company's stock worth $2,855,000 after purchasing an additional 140 shares during the last quarter. Finally, Wedmont Private Capital increased its position in Emerson Electric by 7.6% during the fourth quarter. Wedmont Private Capital now owns 5,324 shares of the industrial products company's stock worth $628,000 after purchasing an additional 374 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EMR has been the subject of several research analyst reports. Robert W. Baird lowered their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Barclays increased their target price on shares of Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. increased their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $132.24.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company's stock.

Emerson Electric Stock Up 0.3%

NYSE:EMR traded up $0.33 during mid-day trading on Friday, hitting $120.58. The stock had a trading volume of 2,712,218 shares, compared to its average volume of 2,903,534. The stock has a 50-day simple moving average of $107.40 and a two-hundred day simple moving average of $118.87. The company has a market capitalization of $67.83 billion, a PE ratio of 28.78, a PEG ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month 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.

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

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.75%. Emerson Electric's dividend payout ratio 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.