Intech Investment Management LLC Trims Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Intech Investment Management LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 79.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,686 shares of the industrial products company’s stock after selling 115,872 shares during the period. Intech Investment Management LLC’s holdings in Emerson Electric were worth $2,774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMR. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Emerson Electric by 94,950.7% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 96,464,073 shares of the industrial products company’s stock valued at $8,719,388,000 after buying an additional 96,362,586 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in Emerson Electric by 105,280.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock valued at $5,227,354,000 after buying an additional 54,365,954 shares during the period. Norges Bank purchased a new stake in Emerson Electric during the fourth quarter worth about $702,606,000. Morgan Stanley increased its stake in Emerson Electric by 28.4% during the fourth quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock worth $1,136,909,000 after purchasing an additional 2,621,089 shares during the period. Finally, Two Sigma Advisers LP increased its stake in Emerson Electric by 103.9% during the first quarter. Two Sigma Advisers LP now owns 3,045,900 shares of the industrial products company’s stock worth $265,420,000 after purchasing an additional 1,551,800 shares during the period. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $88.37 on Thursday. The company has a current ratio of 2.75, a quick ratio of 2.35 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $100.62. The stock has a 50 day moving average of $93.71 and a two-hundred day moving average of $90.77. The stock has a market cap of $50.72 billion, a P/E ratio of 3.86, a P/E/G ratio of 1.49 and a beta of 1.38.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). Emerson Electric had a net margin of 87.17% and a return on equity of 11.78%. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the firm posted $1.53 EPS. Emerson Electric’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that Emerson Electric Co. will post 5.26 earnings per share for the current year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.52. Emerson Electric’s dividend payout ratio is 9.08%.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of recent research reports. Citigroup cut their price target on shares of Emerson Electric from $112.00 to $109.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. KeyCorp initiated coverage on shares of Emerson Electric in a research note on Monday, October 2nd. They set an “overweight” rating and a $120.00 price target on the stock. Morgan Stanley boosted their price target on shares of Emerson Electric from $107.00 to $116.00 and gave the stock an “overweight” rating in a research note on Thursday, August 3rd. Royal Bank of Canada lowered their price objective on Emerson Electric from $109.00 to $106.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Finally, StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $105.63.

Insider Transactions at Emerson Electric

In other news, CMO Vidya Ramnath sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total transaction of $244,650.00. Following the completion of the sale, the chief marketing officer now owns 11,870 shares in the company, valued at $1,161,598.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Arthur F. Golden bought 3,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were bought at an average price of $85.64 per share, with a total value of $256,920.00. Following the completion of the acquisition, the director now owns 97,504 shares of the company’s stock, valued at $8,350,242.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Vidya Ramnath sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total value of $244,650.00. Following the completion of the sale, the chief marketing officer now directly owns 11,870 shares in the company, valued at approximately $1,161,598.20. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering 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.