Deprince Race & Zollo Inc. Trims Holdings in Emerson Electric Co. $EMR

Deprince Race & Zollo Inc. reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 345,860 shares of the industrial products company’s stock after selling 25,374 shares during the period. Emerson Electric makes up 0.9% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 28th largest holding. Deprince Race & Zollo Inc. owned about 0.06% of Emerson Electric worth $45,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the 2nd quarter valued at about $29,000. Saudi Central Bank acquired a new position in Emerson Electric in the 1st quarter valued at $25,000. Winnow Wealth LLC purchased a new position in Emerson Electric during the 2nd quarter worth $34,000. PFS Partners LLC lifted its stake in shares of Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 108 shares during the period. Finally, Traub Capital Management LLC purchased a new stake in shares of Emerson Electric in the second quarter valued at about $37,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of Emerson Electric stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total value of $965,979.00. Following the transaction, the chief executive officer owned 196,292 shares in the company, valued at $26,106,836. This trade represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EMR shares. Evercore ISI started coverage on shares of Emerson Electric in a research report on Monday, December 15th. They issued an “outperform” rating and a $170.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Finally, Barclays upped their target price on shares of Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $149.06.

Emerson Electric Trading Down 0.5%

Emerson Electric stock opened at $135.66 on Friday. The stock has a 50-day moving average price of $133.08 and a 200 day moving average price of $133.97. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41. The stock has a market cap of $76.28 billion, a PE ratio of 33.58, a P/E/G ratio of 2.21 and a beta of 1.26. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27.

Emerson Electric (NYSE:EMR) last announced its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a net margin of 12.73% and a return on equity of 15.87%. The firm had revenue of $3.16 billion for the quarter. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric announced that its board has initiated a stock repurchase program on Wednesday, November 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, November 14th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 54.95%.

Emerson Electric Profile

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.