Emerson Electric Co. (NYSE:EMR) Shares Sold by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% during the 4th quarter, Holdings Channel reports. The fund owned 68,996 shares of the industrial products company’s stock after selling 1,056 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Emerson Electric were worth $8,551,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Swedbank AB boosted its position in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. Howard Capital Management Group LLC boosted its position in Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 180 shares in the last quarter. Victory Capital Management Inc. boosted its position in Emerson Electric by 13.3% during the third quarter. Victory Capital Management Inc. now owns 288,443 shares of the industrial products company’s stock worth $31,547,000 after purchasing an additional 33,908 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in Emerson Electric by 12.5% during the third quarter. OneDigital Investment Advisors LLC now owns 25,014 shares of the industrial products company’s stock worth $2,736,000 after purchasing an additional 2,784 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in Emerson Electric by 9.4% during the third quarter. CIBC Asset Management Inc now owns 118,294 shares of the industrial products company’s stock worth $12,938,000 after purchasing an additional 10,164 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EMR. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. JPMorgan Chase & Co. decreased their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Loop Capital raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.28.

Emerson Electric Trading Up 2.7 %

Shares of NYSE EMR opened at $112.11 on Monday. Emerson Electric Co. has a twelve month low of $96.62 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. The stock has a fifty day simple moving average of $122.37 and a 200-day simple moving average of $118.96. The stock has a market capitalization of $63.22 billion, a PE ratio of 26.76, a PEG ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

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.