B. Metzler seel. Sohn & Co. AG cut its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,912 shares of the industrial products company’s stock after selling 6,422 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Emerson Electric were worth $11,008,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of EMR. Norges Bank purchased a new position in shares of Emerson Electric in the 2nd quarter valued at about $918,830,000. JPMorgan Chase & Co. raised its holdings in Emerson Electric by 75.0% in the second quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock valued at $1,671,762,000 after acquiring an additional 5,371,585 shares in the last quarter. Schroder Investment Management Group lifted its stake in Emerson Electric by 51.6% in the second quarter. Schroder Investment Management Group now owns 6,346,398 shares of the industrial products company’s stock worth $846,165,000 after acquiring an additional 2,159,126 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Emerson Electric by 43.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,193,448 shares of the industrial products company’s stock worth $692,442,000 after acquiring an additional 1,561,600 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Emerson Electric by 29.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,260,097 shares of the industrial products company’s stock valued at $690,020,000 after purchasing an additional 1,187,974 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Price Performance
Shares of NYSE:EMR opened at $138.54 on Friday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $165.15. The firm has a market capitalization of $77.86 billion, a P/E ratio of 33.87, a P/E/G ratio of 2.20 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.62. The company’s fifty day moving average price is $147.44 and its 200 day moving average price is $137.72.
Emerson Electric Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, February 13th. Emerson Electric’s dividend payout ratio (DPR) is currently 54.28%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $170.00 price objective on the stock. in a report on Thursday, February 5th. Rothschild & Co Redburn increased their target price on Emerson Electric from $154.00 to $165.00 and gave the company a “buy” rating in a report on Monday, February 9th. JPMorgan Chase & Co. lifted their price target on Emerson Electric from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. UBS Group raised Emerson Electric from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $131.00 to $168.00 in a research report on Monday, January 5th. Finally, KeyCorp raised their target price on Emerson Electric from $155.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $164.85.
Get Our Latest Stock Analysis on EMR
Insider Activity at Emerson Electric
In other news, Director Matthew S. Levatich sold 1,476 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $162.16, for a total transaction of $239,348.16. Following the transaction, the director directly owned 24,349 shares in the company, valued at approximately $3,948,433.84. This trade represents a 5.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Nicholas J. Piazza sold 6,703 shares of Emerson Electric stock in a transaction on Monday, February 9th. The shares were sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the completion of the transaction, the vice president directly owned 31,664 shares in the company, valued at $5,036,792.48. The trade was a 17.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company’s stock.
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.
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