Emerson Electric Co. (NYSE:EMR) Shares Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC cut its stake in Emerson Electric Co. (NYSE:EMR) by 99.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,054 shares of the industrial products company’s stock after selling 2,051,374 shares during the period. Pathway Financial Advisers LLC’s holdings in Emerson Electric were worth $2,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in EMR. CX Institutional grew its position in Emerson Electric by 9.7% in the 3rd quarter. CX Institutional now owns 15,735 shares of the industrial products company’s stock valued at $1,721,000 after acquiring an additional 1,390 shares in the last quarter. Creative Planning grew its holdings in shares of Emerson Electric by 1.5% in the third quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock valued at $20,201,000 after purchasing an additional 2,768 shares in the last quarter. NBC Securities Inc. boosted its position in Emerson Electric by 4.5% in the 3rd quarter. NBC Securities Inc. now owns 17,084 shares of the industrial products company’s stock valued at $1,868,000 after buying an additional 741 shares during the period. Swedbank AB increased its holdings in Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the period. Finally, Foster Victor Wealth Advisors LLC lifted its stake in Emerson Electric by 7.2% in the third quarter. Foster Victor Wealth Advisors LLC now owns 117,864 shares of the industrial products company’s stock worth $13,069,000 after acquiring an additional 7,948 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 1.9 %

Shares of EMR stock opened at $124.45 on Thursday. The stock has a market cap of $70.88 billion, a P/E ratio of 29.70, a P/E/G ratio of 2.16 and a beta of 1.34. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The business has a fifty day simple moving average of $126.04 and a 200-day simple moving average of $117.01. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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%. On average, analysts forecast that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Analyst Ratings Changes

Several brokerages have commented on EMR. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Morgan Stanley upped their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. KeyCorp boosted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Barclays lifted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.