Federated Hermes Inc. Sells 14,296 Shares of Emerson Electric Co. (NYSE:EMR)

Federated Hermes Inc. cut its stake in Emerson Electric Co. (NYSE:EMR) by 52.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,883 shares of the industrial products company’s stock after selling 14,296 shares during the period. Federated Hermes Inc.’s holdings in Emerson Electric were worth $1,254,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tobam increased its position in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in Emerson Electric during the fourth quarter valued at approximately $35,000. Morton Brown Family Wealth LLC bought a new position in Emerson Electric during the fourth quarter valued at approximately $39,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth approximately $42,000. Finally, Rational Advisors LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at $42,000. Institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EMR has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Berenberg Bank raised their price target on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. UBS Group lifted their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Citigroup increased their price objective on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, KeyCorp upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.25.

Emerson Electric Price Performance

EMR stock opened at $109.76 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The firm has a 50-day moving average of $110.46 and a 200 day moving average of $99.42. The company has a market cap of $62.65 billion, a P/E ratio of 5.72, a PEG ratio of 1.90 and a beta of 1.37.

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

Emerson Electric Announces Dividend

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

About Emerson Electric

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.