Advisors Asset Management Inc. Trims Holdings in Emerson Electric Co. (NYSE:EMR)

Advisors Asset Management Inc. trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 93,374 shares of the industrial products company’s stock after selling 1,648 shares during the period. Advisors Asset Management Inc.’s holdings in Emerson Electric were worth $11,572,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in EMR. Swedbank AB raised its stake in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the period. Howard Capital Management Group LLC increased its stake in Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after buying an additional 180 shares during the period. Natixis Advisors LLC increased its stake in Emerson Electric by 5.5% during the 3rd quarter. Natixis Advisors LLC now owns 331,966 shares of the industrial products company’s stock worth $36,307,000 after buying an additional 17,372 shares during the period. Swiss National Bank increased its stake in Emerson Electric by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,698,100 shares of the industrial products company’s stock worth $185,721,000 after buying an additional 5,500 shares during the period. Finally, Quest Partners LLC increased its stake in Emerson Electric by 664.7% during the 3rd quarter. Quest Partners LLC now owns 3,357 shares of the industrial products company’s stock worth $367,000 after buying an additional 2,918 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EMR shares. Loop Capital upped their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. KeyCorp boosted their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Finally, Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $136.22.

Emerson Electric Stock Up 1.5 %

Shares of NYSE:EMR opened at $113.58 on Tuesday. The stock has a market cap of $64.05 billion, a P/E ratio of 27.11, a P/E/G ratio of 2.49 and a beta of 1.36. The firm has a fifty day moving average price of $122.21 and a 200 day moving average price of $119.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 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.