Emerson Electric Co. (NYSE:EMR) Stake Trimmed by Barclays PLC

Barclays PLC cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 32.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 768,728 shares of the industrial products company’s stock after selling 372,834 shares during the period. Barclays PLC’s holdings in Emerson Electric were worth $95,268,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB boosted its stake in Emerson Electric by 120.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after purchasing an additional 30,741 shares during the period. Stokes Family Office LLC boosted its position in shares of Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock worth $1,141,000 after buying an additional 4,480 shares during the period. GHP Investment Advisors Inc. grew its holdings in shares of Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock valued at $10,187,000 after buying an additional 6,321 shares in the last quarter. World Investment Advisors raised its position in Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock valued at $2,581,000 after buying an additional 6,079 shares during the period. Finally, Howland Capital Management LLC lifted its stake in Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock worth $3,283,000 after acquiring an additional 3,054 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of research reports. Wells Fargo & Company upped their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, April 11th. KeyCorp cut their price objective on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Citigroup dropped their target price on Emerson Electric from $132.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.67.

Emerson Electric Price Performance

NYSE EMR opened at $100.46 on Wednesday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The company has a fifty day simple moving average of $113.15 and a 200 day simple moving average of $119.23. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company has a market cap of $56.65 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last released its quarterly 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%. On average, 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. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.10%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

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.