Emerson Electric Co. (NYSE:EMR) Stock Position Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in Emerson Electric Co. (NYSE:EMR) by 3.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,745,641 shares of the industrial products company’s stock after selling 183,279 shares during the quarter. Bank of New York Mellon Corp’s holdings in Emerson Electric were worth $588,127,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EMR. Wilmington Savings Fund Society FSB boosted its position in Emerson Electric by 120.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after purchasing an additional 30,741 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after purchasing an additional 162,985 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Emerson Electric by 130.0% in the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after buying an additional 5,393 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after buying an additional 6,321 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in Emerson Electric during the third quarter valued at approximately $443,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on EMR shares. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Robert W. Baird boosted their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. KeyCorp increased their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Performance

NYSE:EMR opened at $119.68 on Wednesday. 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’s 50-day moving average is $124.72 and its 200-day moving average is $117.93. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a market cap of $67.49 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results 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 return on equity of 12.08% and a net margin of 13.74%. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.76%. 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.