Flossbach Von Storch AG Lowers Holdings in Emerson Electric Co. (NYSE:EMR)

Flossbach Von Storch AG trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 41.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,542 shares of the industrial products company's stock after selling 15,214 shares during the period. Flossbach Von Storch AG's holdings in Emerson Electric were worth $2,097,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. PFG Advisors raised its position in shares of Emerson Electric by 4.5% in the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company's stock valued at $243,000 after buying an additional 108 shares in the last quarter. Accel Wealth Management increased its stake in Emerson Electric by 3.6% in the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company's stock valued at $315,000 after acquiring an additional 114 shares during the last quarter. Silverlake Wealth Management LLC increased its stake in Emerson Electric by 2.8% in the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company's stock valued at $414,000 after acquiring an additional 115 shares during the last quarter. Cooper Financial Group increased its stake in Emerson Electric by 2.4% in the fourth quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company's stock valued at $488,000 after acquiring an additional 120 shares during the last quarter. Finally, Studio Investment Management LLC increased its stake in Emerson Electric by 2.3% in the fourth quarter. Studio Investment Management LLC now owns 5,363 shares of the industrial products company's stock valued at $515,000 after acquiring an additional 121 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the business's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following 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 SEC, which is available through this link. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EMR shares. Citigroup lifted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Mizuho lifted their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday, February 8th. Barclays lifted their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 2nd. Berenberg Bank boosted their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Finally, UBS Group boosted their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday, March 21st. Three 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, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.47.

Emerson Electric Trading Down 0.5 %

Shares of NYSE:EMR traded down $0.50 during mid-day trading on Thursday, reaching $109.31. 1,636,713 shares of the company's stock were exchanged, compared to its average volume of 2,657,974. The firm has a market capitalization of $62.39 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 1.93 and a beta of 1.37. The business's fifty day moving average price is $109.73 and its 200-day moving average price is $98.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. Emerson Electric's 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. On average, research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.92%. Emerson Electric's payout ratio is 10.94%.

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.