Emerson Electric Co. (EMR) Stake Decreased by Ballentine Partners LLC

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Ballentine Partners LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,950 shares of the industrial products company’s stock after selling 168 shares during the period. Ballentine Partners LLC’s holdings in Emerson Electric were worth $236,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Moody National Bank Trust Division purchased a new position in Emerson Electric in the fourth quarter valued at approximately $27,000. Csenge Advisory Group purchased a new position in Emerson Electric in the third quarter valued at approximately $28,000. Massey Quick Simon & CO. LLC purchased a new position in Emerson Electric in the fourth quarter valued at approximately $30,000. Norway Savings Bank raised its holdings in Emerson Electric by 60.1% in the fourth quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock valued at $32,000 after buying an additional 200 shares during the period. Finally, Mackey Komara & Dankovich LLC purchased a new position in Emerson Electric in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 71.14% of the company’s stock.

In other news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total transaction of $616,760.00. Following the completion of the sale, the insider now owns 20,000 shares of the company’s stock, valued at $1,360,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is currently owned by company insiders.

EMR opened at $68.41 on Thursday. The company has a market cap of $41.13 billion, a PE ratio of 20.24, a PEG ratio of 2.10 and a beta of 1.20. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $79.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 0.88.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.08. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.21 billion. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. Equities research analysts predict that Emerson Electric Co. will post 3.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Friday, February 15th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Thursday, February 14th. Emerson Electric’s payout ratio is currently 57.99%.

EMR has been the topic of several research reports. Citigroup upgraded shares of Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 price target on the stock in a report on Monday, January 14th. Gordon Haskett lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. Stephens restated a “buy” rating and issued a $68.00 price target on shares of Emerson Electric in a report on Sunday, January 6th. Credit Suisse Group upgraded shares of Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 price target on the stock in a report on Thursday, January 3rd. Finally, Royal Bank of Canada lowered shares of Emerson Electric from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $68.00 to $61.00 in a report on Thursday, January 3rd. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $76.28.

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Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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