Emerson Electric Co. (NYSE:EMR) Shares Sold by Manning & Napier Group LLC

Manning & Napier Group LLC lessened its position in Emerson Electric Co. (NYSE:EMR) by 14.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 191,737 shares of the industrial products company’s stock after selling 32,766 shares during the period. Manning & Napier Group LLC’s holdings in Emerson Electric were worth $18,662,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. RB Capital Management LLC lifted its stake in shares of Emerson Electric by 3.0% in the first quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 155 shares during the period. Fairfield Bush & CO. purchased a new stake in Emerson Electric during the first quarter worth about $116,000. Prudential PLC purchased a new stake in Emerson Electric during the first quarter worth about $1,215,000. Sequoia Financial Advisors LLC boosted its holdings in Emerson Electric by 17.5% during the first quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock worth $934,000 after buying an additional 1,418 shares in the last quarter. Finally, Brighton Jones LLC boosted its holdings in Emerson Electric by 31.8% during the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock worth $378,000 after buying an additional 931 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. UBS Group increased their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Royal Bank of Canada increased their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. KeyCorp increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Barclays increased their price objective on shares of Emerson Electric from $91.00 to $95.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Trading Down 0.0 %

Shares of EMR stock traded down $0.03 during trading hours on Friday, hitting $113.42. 2,322,592 shares of the company were exchanged, compared to its average volume of 2,542,847. The firm has a market cap of $64.74 billion, a PE ratio of 5.91, a PEG ratio of 1.97 and a beta of 1.36. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $113.89. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $104.73 and a 200 day moving average of $97.13.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.18. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. Analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a dividend of $0.525 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.85%. Emerson Electric’s payout ratio is currently 10.94%.

Emerson Electric 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.