PGGM Investments Lowers Position in Emerson Electric Co. (NYSE:EMR)

PGGM Investments trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 80.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,581 shares of the industrial products company’s stock after selling 35,413 shares during the quarter. PGGM Investments’ holdings in Emerson Electric were worth $835,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Morgan Stanley raised its position in Emerson Electric by 7.9% in the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after purchasing an additional 1,008,294 shares during the period. Invesco Ltd. increased its stake in Emerson Electric by 16.9% during the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after purchasing an additional 1,184,202 shares in the last quarter. Nordea Investment Management AB lifted its position in Emerson Electric by 26.5% during the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after acquiring an additional 1,558,903 shares during the period. Northern Trust Corp lifted its holdings in shares of Emerson Electric by 2.4% during the third quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock worth $692,176,000 after purchasing an additional 168,783 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Emerson Electric by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,865,155 shares of the industrial products company’s stock valued at $566,398,000 after acquiring an additional 165,249 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EMR has been the subject of a number of analyst reports. Berenberg Bank boosted their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Barclays boosted their price target on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. UBS Group raised 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. Mizuho upped their price target on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada increased their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $116.25.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $109.76 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The stock has a market cap of $62.65 billion, a P/E ratio of 5.72, a P/E/G ratio of 1.90 and a beta of 1.37. The stock has a 50 day moving average of $110.46 and a two-hundred day moving average of $99.42. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business posted $0.78 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. On average, research analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. Emerson Electric’s payout ratio is 10.94%.

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.