Columbia Partners L L C Investment Management lowered its holdings in Emerson Electric Company (NYSE:EMR) by 22.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,614 shares of the industrial products company’s stock after selling 11,944 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Emerson Electric were worth $2,900,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of EMR. Captrust Financial Advisors purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at $177,119,000. Longview Partners Guernsey LTD raised its holdings in shares of Emerson Electric by 9.0% in the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after buying an additional 1,134,275 shares during the period. American Century Companies Inc. raised its holdings in shares of Emerson Electric by 18.5% in the 4th quarter. American Century Companies Inc. now owns 5,525,308 shares of the industrial products company’s stock valued at $385,059,000 after buying an additional 861,558 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at $49,644,000. Finally, BlackRock Inc. raised its holdings in shares of Emerson Electric by 1.9% in the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock valued at $2,441,728,000 after buying an additional 778,791 shares during the period. Institutional investors own 68.27% of the company’s stock.
Several equities research analysts recently issued reports on the company. Barclays assumed coverage on Emerson Electric in a report on Thursday, February 15th. They issued an “overweight” rating and a $80.00 price objective on the stock. JMP Securities downgraded Emerson Electric from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $74.45 to $56.77 in a report on Thursday, February 1st. Robert W. Baird boosted their price objective on Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. upgraded Emerson Electric from a “neutral” rating to an “overweight” rating in a report on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $69.67.
Emerson Electric Company (EMR) opened at $72.19 on Friday. Emerson Electric Company has a one year low of $56.77 and a one year high of $74.45. The company has a market capitalization of $46,330.00, a price-to-earnings ratio of 28.42, a P/E/G ratio of 2.20 and a beta of 1.19. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm posted $0.49 EPS. Emerson Electric’s revenue for the quarter was up 18.7% on a year-over-year basis. analysts anticipate that Emerson Electric Company will post 3.11 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be given a dividend of $0.485 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.94 annualized dividend and a dividend yield of 2.69%. Emerson Electric’s dividend payout ratio is currently 76.38%.
About Emerson Electric
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Company (NYSE:EMR).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.