Emerson Electric Co. (NYSE:EMR) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 64.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,274 shares of the industrial products company's stock after selling 14,788 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Emerson Electric were worth $1,025,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Emerson Electric by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after purchasing an additional 384,313 shares during the period. Geode Capital Management LLC lifted its stake in shares of Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after acquiring an additional 232,540 shares during the period. Norges Bank purchased a new stake in shares of Emerson Electric in the fourth quarter valued at about $885,886,000. Northern Trust Corp increased its stake in shares of Emerson Electric by 5.9% during the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after acquiring an additional 370,560 shares during the period. Finally, Schroder Investment Management Group lifted its position in Emerson Electric by 4.1% in the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after purchasing an additional 171,946 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 of the company's stock, valued at approximately $18,694,576.81. This represents a 9.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Citigroup raised their target price on Emerson Electric from $119.00 to $127.00 and gave the company a "buy" rating in a report on Thursday. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Barclays raised their price objective on shares of Emerson Electric from $99.00 to $104.00 and gave the company an "underweight" rating in a research note on Thursday. Finally, Wells Fargo & Company increased their target price on shares of Emerson Electric from $110.00 to $121.00 and gave the company an "overweight" rating in a report on Thursday. Two investment 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. According to MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and an average price target of $130.88.

Emerson Electric Trading Up 0.2 %

Shares of EMR traded up $0.17 on Friday, hitting $112.55. 2,581,429 shares of the stock traded hands, compared to its average volume of 2,878,095. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The stock's 50 day moving average is $106.79 and its two-hundred day moving average is $118.51. The firm has a market capitalization of $63.31 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The business's revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is 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.