Atria Investments LLC Cuts Holdings in Emerson Electric Co. (NYSE:EMR)

Atria Investments LLC reduced its position in Emerson Electric Co. (NYSE:EMRGet Rating) by 13.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,751 shares of the industrial products company’s stock after selling 5,709 shares during the quarter. Atria Investments LLC’s holdings in Emerson Electric were worth $2,691,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EMR. Guinness Asset Management LTD acquired a new stake in shares of Emerson Electric during the third quarter worth $92,450,000. FMR LLC lifted its position in Emerson Electric by 35.5% during the second quarter. FMR LLC now owns 4,227,845 shares of the industrial products company’s stock valued at $336,283,000 after purchasing an additional 1,108,075 shares during the period. Deutsche Bank AG lifted its position in Emerson Electric by 52.0% during the second quarter. Deutsche Bank AG now owns 3,170,894 shares of the industrial products company’s stock valued at $252,213,000 after purchasing an additional 1,084,478 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Emerson Electric by 115.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,993,670 shares of the industrial products company’s stock valued at $158,577,000 after purchasing an additional 1,067,279 shares during the period. Finally, Nordea Investment Management AB lifted its position in Emerson Electric by 18.1% during the third quarter. Nordea Investment Management AB now owns 5,126,275 shares of the industrial products company’s stock valued at $381,138,000 after purchasing an additional 784,453 shares during the period. 71.64% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.1 %

Shares of NYSE EMR opened at $97.92 on Tuesday. Emerson Electric Co. has a 12-month low of $72.40 and a 12-month high of $100.00. The stock has a market cap of $57.91 billion, a PE ratio of 18.10, a P/E/G ratio of 2.85 and a beta of 1.41. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $95.62 and a 200 day moving average of $87.32.

Emerson Electric (NYSE:EMRGet Rating) last announced its quarterly earnings data on Monday, October 31st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.14. Emerson Electric had a net margin of 16.46% and a return on equity of 23.43%. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the prior year, the company earned $1.21 EPS. Emerson Electric’s revenue was up 8.3% compared to the same quarter last year. As a group, sell-side analysts predict that Emerson Electric Co. will post 4.08 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Friday, November 11th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, November 9th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.52. Emerson Electric’s dividend payout ratio is currently 38.45%.

Insider Activity at Emerson Electric

In other news, CFO Frank J. Dellaquila sold 4,617 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $91.40, for a total value of $421,993.80. Following the completion of the sale, the chief financial officer now owns 354,858 shares of the company’s stock, valued at approximately $32,434,021.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Sara Yang Bosco sold 10,977 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $91.13, for a total value of $1,000,334.01. Following the completion of the sale, the vice president now owns 118,205 shares of the company’s stock, valued at approximately $10,772,021.65. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Frank J. Dellaquila sold 4,617 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $91.40, for a total transaction of $421,993.80. Following the completion of the sale, the chief financial officer now directly owns 354,858 shares of the company’s stock, valued at approximately $32,434,021.20. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EMR has been the subject of a number of research reports. Citigroup boosted their target price on shares of Emerson Electric from $99.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, December 9th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 30th. Morgan Stanley upped their price objective on shares of Emerson Electric from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 3rd. Mizuho upped their price objective on shares of Emerson Electric from $86.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 30th. Finally, Barclays decreased their price objective on shares of Emerson Electric from $82.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, October 3rd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $98.77.

About Emerson Electric

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.

See Also

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

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