LGT Fund Management Co Ltd. Sells 2,000 Shares of Emerson Electric Co. (NYSE:EMR)

LGT Fund Management Co Ltd. decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,767 shares of the industrial products company’s stock after selling 2,000 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Emerson Electric were worth $1,334,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EMR. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the third quarter valued at $25,000. Stephens Consulting LLC bought a new stake in Emerson Electric during the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric during the fourth quarter valued at $27,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric during the third quarter valued at $29,000. Finally, YANKCOM Partnership bought a new stake in Emerson Electric during the fourth quarter valued at $30,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EMR. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. BNP Paribas initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Trading Down 3.8 %

NYSE:EMR opened at $116.95 on Tuesday. 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 has a market cap of $65.95 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The firm has a 50-day moving average price of $124.44 and a two-hundred day moving average price of $118.37.

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, beating the consensus estimate 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, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.