Asset Management One Co. Ltd. Sells 16,020 Shares of Emerson Electric Co. (NYSE:EMR)

Asset Management One Co. Ltd. lowered its stake in Emerson Electric Co. (NYSE:EMR) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 250,536 shares of the industrial products company’s stock after selling 16,020 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Emerson Electric were worth $31,475,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Creative Planning lifted its position in Emerson Electric by 1.5% in the third 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 during the last quarter. Swedbank AB increased its stake in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the period. B.O.S.S. Retirement Advisors LLC increased its stake in shares of Emerson Electric by 3.9% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 9,922 shares of the industrial products company’s stock valued at $1,085,000 after buying an additional 371 shares during the period. Buffington Mohr McNeal purchased a new position in shares of Emerson Electric during the third quarter valued at approximately $221,000. Finally, Teamwork Financial Advisors LLC purchased a new position in shares of Emerson Electric during the third quarter valued at approximately $3,275,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EMR. Barclays boosted their target price 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. Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Wells Fargo & Company upped their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Loop Capital upped their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Trading Down 1.6 %

Shares of NYSE:EMR opened at $123.30 on Friday. The company has a market cap of $70.22 billion, a P/E ratio of 29.43, a PEG 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. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The stock’s fifty day moving average price is $125.89 and its 200-day moving average price is $117.06.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts expect that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.71%. Emerson Electric’s payout ratio is 50.36%.

Emerson Electric Company 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.