Emerson Electric Co. (NYSE:EMR) Stake Trimmed by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC lowered its stake in Emerson Electric Co. (NYSE:EMRFree Report) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,585 shares of the industrial products company’s stock after selling 1,482 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Emerson Electric were worth $9,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. boosted its position in Emerson Electric by 7.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 127,758 shares of the industrial products company’s stock worth $12,435,000 after acquiring an additional 8,625 shares during the period. Morningstar Investment Management LLC boosted its position in Emerson Electric by 1.3% during the 4th quarter. Morningstar Investment Management LLC now owns 11,012 shares of the industrial products company’s stock worth $1,072,000 after acquiring an additional 136 shares during the period. Crossmark Global Holdings Inc. boosted its position in Emerson Electric by 7.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 152,807 shares of the industrial products company’s stock worth $14,873,000 after acquiring an additional 10,571 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Emerson Electric by 92.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 71,529 shares of the industrial products company’s stock valued at $6,962,000 after buying an additional 34,429 shares during the last quarter. Finally, Amussen Hunsaker Associates LLC lifted its holdings in shares of Emerson Electric by 1.9% during the 4th quarter. Amussen Hunsaker Associates LLC now owns 9,187 shares of the industrial products company’s stock valued at $894,000 after buying an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR opened at $108.00 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $116.76. The stock has a market cap of $61.79 billion, a P/E ratio of 5.78, a price-to-earnings-growth ratio of 1.77 and a beta of 1.33. The stock’s 50-day moving average price is $111.30 and its two-hundred day moving average price is $103.56.

Emerson Electric (NYSE:EMRGet Free Report) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the business earned $1.09 earnings per share. The company’s revenue was up 16.5% compared to the same quarter last year. On average, equities analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Analyst Ratings Changes

EMR has been the subject of several research reports. Citigroup lifted their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. UBS Group raised their price objective on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Mizuho upped their price target on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Barclays raised their target price on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $120.56.

Check Out Our Latest Research Report on Emerson Electric

Emerson Electric Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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