Gulf International Bank UK Ltd Cuts Holdings in Emerson Electric Co. (NYSE:EMR)

Gulf International Bank UK Ltd cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,199 shares of the industrial products company’s stock after selling 1,957 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Emerson Electric were worth $4,943,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Thrive Wealth Management LLC increased its holdings in Emerson Electric by 4.1% in the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock valued at $255,000 after buying an additional 91 shares during the last quarter. LCM Capital Management Inc boosted its holdings in shares of Emerson Electric by 1.4% in the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after buying an additional 91 shares in the last quarter. Sabal Trust CO raised its stake in Emerson Electric by 2.2% during the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after acquiring an additional 93 shares in the last quarter. Catalyst Financial Partners LLC boosted its stake in Emerson Electric by 3.7% in the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 94 shares in the last quarter. Finally, PFG Advisors increased its position in shares of Emerson Electric by 3.8% during the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 96 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of research analyst reports. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Wells Fargo & Company reduced their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley initiated coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Finally, Robert W. Baird increased their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $125.53.

Emerson Electric Trading Up 7.2 %

Shares of EMR stock opened at $117.67 on Wednesday. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.61. The company has a market capitalization of $67.39 billion, a price-to-earnings ratio of 39.49, a PEG ratio of 1.66 and a beta of 1.30. The firm has a 50-day moving average price of $107.04 and a 200 day moving average price of $108.92. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 earnings per share. Research analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 70.47%.

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.