Pathway Financial Advisers LLC Sells 2,051,374 Shares of Emerson Electric Co. (NYSE:EMR)

Pathway Financial Advisers LLC lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 99.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,054 shares of the industrial products company’s stock after selling 2,051,374 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Emerson Electric were worth $2,361,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CX Institutional raised its position in Emerson Electric by 9.7% during the 3rd quarter. CX Institutional now owns 15,735 shares of the industrial products company’s stock valued at $1,721,000 after purchasing an additional 1,390 shares in the last quarter. Creative Planning raised its holdings in shares of Emerson Electric by 1.5% in the 3rd quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock valued at $20,201,000 after purchasing an additional 2,768 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of Emerson Electric by 4.5% during the third quarter. NBC Securities Inc. now owns 17,084 shares of the industrial products company’s stock valued at $1,868,000 after purchasing an additional 741 shares in the last quarter. Swedbank AB lifted its holdings 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 buying an additional 1,424,800 shares during the period. Finally, Foster Victor Wealth Advisors LLC grew its stake in Emerson Electric by 7.2% in the third quarter. Foster Victor Wealth Advisors LLC now owns 117,864 shares of the industrial products company’s stock valued at $13,069,000 after purchasing an additional 7,948 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR opened at $124.45 on Thursday. The stock has a market cap of $70.88 billion, a P/E ratio of 29.70, a P/E/G ratio of 2.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40. The firm has a fifty day moving average price of $126.04 and a 200 day moving average price of $117.01. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.70%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Barclays increased their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Morgan Stanley boosted their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Finally, BNP Paribas started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

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.