Emerson Electric Co. (NYSE:EMR) Shares Sold by Cairn Investment Group Inc.

Cairn Investment Group Inc. trimmed its position in Emerson Electric Co. (NYSE:EMRFree Report) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,200 shares of the industrial products company’s stock after selling 217 shares during the period. Cairn Investment Group Inc.’s holdings in Emerson Electric were worth $311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tobam lifted its holdings in Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the period. Security National Bank acquired a new stake in Emerson Electric in the fourth quarter valued at $29,000. Cape Investment Advisory Inc. lifted its holdings in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 188 shares during the period. Burkett Financial Services LLC acquired a new stake in Emerson Electric in the fourth quarter valued at $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Emerson Electric in the fourth quarter valued at $35,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EMR. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Berenberg Bank lifted their price target on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and lifted their price target for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. Barclays lifted their price target on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Finally, Loop Capital lifted their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.56.

Read Our Latest Stock Report on EMR

Emerson Electric Trading Up 1.9 %

Shares of NYSE:EMR traded up $2.01 during trading on Friday, reaching $107.98. 3,173,694 shares of the stock were exchanged, compared to its average volume of 2,108,883. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $116.76. The firm has a market cap of $61.78 billion, a price-to-earnings ratio of 5.78, a price-to-earnings-growth ratio of 1.77 and a beta of 1.33. The firm’s 50-day moving average price is $111.30 and its 200 day moving average price is $103.67.

Emerson Electric (NYSE:EMRGet Free Report) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

About Emerson Electric

(Free Report)

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.

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

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