Operose Advisors LLC Has $32,000 Position in Emerson Electric Co. (NYSE:EMR)

Operose Advisors LLC trimmed its position in Emerson Electric Co. (NYSE:EMR) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255 shares of the industrial products company’s stock after selling 115 shares during the quarter. Operose Advisors LLC’s holdings in Emerson Electric were worth $32,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EMR. Norges Bank bought a new position in shares of Emerson Electric during the fourth quarter worth approximately $885,886,000. Raymond James Financial Inc. bought a new position in Emerson Electric during the 4th quarter worth $297,947,000. Boston Partners raised its holdings in Emerson Electric by 136.3% in the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock valued at $411,944,000 after acquiring an additional 1,913,120 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Emerson Electric by 234.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock worth $252,313,000 after purchasing an additional 1,426,718 shares in the last quarter. Finally, Sarasin & Partners LLP increased its position in shares of Emerson Electric by 120.6% in the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after purchasing an additional 965,731 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.6 %

NYSE:EMR opened at $100.46 on Wednesday. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm’s fifty day moving average is $113.15 and its 200-day moving average is $119.23. The firm 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 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 return on equity of 12.08% and a net margin of 13.74%. Equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Wall Street Analyst Weigh In

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

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.