Emerson Electric Co. (NYSE:EMR) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 228,299 shares of the industrial products company’s stock after selling 24,567 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Emerson Electric were worth $22,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of EMR. RB Capital Management LLC raised its holdings 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 valued at $525,000 after buying an additional 155 shares during the period. Fairfield Bush & CO. purchased a new stake in Emerson Electric in the 1st quarter valued at about $116,000. Prudential PLC purchased a new stake in Emerson Electric in the 1st quarter valued at about $1,215,000. Sequoia Financial Advisors LLC raised its holdings 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 valued at $934,000 after buying an additional 1,418 shares during the period. Finally, Brighton Jones LLC raised its holdings 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 valued at $378,000 after buying an additional 931 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $114.54 on Friday. The stock has a 50 day moving average price of $106.52 and a 200 day moving average price of $97.63. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $65.38 billion, a price-to-earnings ratio of 5.97, a price-to-earnings-growth ratio of 1.96 and a beta of 1.37. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $114.93.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results 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 firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $0.78 earnings per share. Research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s payout ratio is currently 10.94%.

Analysts Set New Price Targets

A number of analysts have issued reports on EMR shares. Barclays boosted their price target on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday. UBS Group boosted their price target 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. Bank of America boosted their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 19th. Finally, KeyCorp boosted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $113.56.

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.