Lbp Am Sa Sells 230,555 Shares of Emerson Electric Co. (NYSE:EMR)

Lbp Am Sa lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 62.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,826 shares of the industrial products company’s stock after selling 230,555 shares during the quarter. Lbp Am Sa’s holdings in Emerson Electric were worth $17,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its stake in Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares during the period. Wellington Management Group LLP grew its stake in shares of Emerson Electric by 4.2% during the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after acquiring an additional 581,102 shares during the period. Geode Capital Management LLC grew its stake in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after acquiring an additional 162,985 shares during the period. Nordea Investment Management AB grew its stake in shares of Emerson Electric by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after acquiring an additional 375,470 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Emerson Electric by 3.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,523,394 shares of the industrial products company’s stock worth $385,354,000 after acquiring an additional 132,186 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $109.17 on Friday. The stock has a market cap of $61.56 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The stock’s 50-day moving average is $122.60 and its 200 day moving average is $118.70.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.93%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EMR. Barclays downgraded Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $135.00 to $110.00 in a research note on Monday. KeyCorp increased their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Jefferies Financial Group started coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Morgan Stanley raised their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.28.

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.