Emerson Electric Co. (NYSE:EMR) Position Trimmed by LGT Group Foundation

LGT Group Foundation trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 114,807 shares of the industrial products company’s stock after selling 486 shares during the quarter. LGT Group Foundation’s holdings in Emerson Electric were worth $14,228,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC bought a new stake in Emerson Electric during the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric during the fourth quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the third quarter worth approximately $25,000. YANKCOM Partnership bought a new stake in Emerson Electric during the fourth quarter worth approximately $30,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $29,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 1.4 %

Emerson Electric stock opened at $121.62 on Monday. The company has a market capitalization of $68.58 billion, a P/E ratio of 29.03, a P/E/G ratio of 2.49 and a beta of 1.34. The firm’s fifty day simple moving average is $124.57 and its 200-day simple moving average is $118.28. 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.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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 forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.73%. Emerson Electric’s payout ratio is presently 50.36%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. KeyCorp upped their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. Finally, Barclays upped their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

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.