Zurcher Kantonalbank Zurich Cantonalbank Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 396,143 shares of the industrial products company's stock after selling 10,666 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Emerson Electric worth $38,557,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EMR. RB Capital Management LLC increased its stake in Emerson Electric by 3.0% in the 1st quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company's stock worth $525,000 after purchasing an additional 155 shares during the period. Fairfield Bush & CO. purchased a new position in Emerson Electric in the 1st quarter worth approximately $116,000. Prudential PLC purchased a new position in Emerson Electric in the 1st quarter worth approximately $1,215,000. Sequoia Financial Advisors LLC increased its stake in Emerson Electric by 17.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company's stock worth $934,000 after purchasing an additional 1,418 shares during the period. Finally, Brighton Jones LLC increased its stake in Emerson Electric by 31.8% in the 1st quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company's stock worth $378,000 after purchasing an additional 931 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the business's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by company insiders.

Emerson Electric Stock Down 1.5 %

NYSE:EMR traded down $1.68 during trading hours on Wednesday, reaching $109.81. 2,316,755 shares of the company traded hands, compared to its average volume of 2,671,557. The business's 50-day moving average price is $109.73 and its two-hundred day moving average price is $98.61. The stock has a market capitalization of $62.68 billion, a P/E ratio of 5.72, a P/E/G ratio of 1.93 and a beta of 1.37. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.18. The business had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm's quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. Analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Thursday, February 15th. Emerson Electric's payout ratio is 10.94%.

Wall Street Analyst Weigh In

A number of brokerages have commented on EMR. Royal Bank of Canada lifted their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, February 8th. Wells Fargo & Company lifted their price objective on Emerson Electric from $100.00 to $120.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 19th. Bank of America lifted their price objective on Emerson Electric from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. UBS Group lifted their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, March 21st. Finally, KeyCorp lifted their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.47.

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.