Sei Investments Co. Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

Sei Investments Co. decreased its position in Emerson Electric Co. (NYSE:EMR) by 34.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 213,611 shares of the industrial products company’s stock after selling 112,885 shares during the period. Sei Investments Co.’s holdings in Emerson Electric were worth $26,475,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Stephens Consulting LLC bought a new position in shares of Emerson Electric during the 4th quarter worth $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the fourth quarter worth approximately $27,000. YANKCOM Partnership purchased a new stake in Emerson Electric during the fourth quarter worth $30,000. Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric in the 4th quarter valued at $35,000. Finally, BankPlus Trust Department bought a new position in shares of Emerson Electric in the 4th quarter worth $40,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of EMR stock opened at $115.21 on Wednesday. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a market cap of $64.97 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The business has a 50-day simple moving average of $121.44 and a 200-day simple moving average of $119.50.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.83%. Emerson Electric’s payout ratio is 50.36%.

Analyst Upgrades and Downgrades

EMR has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Loop Capital lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Barclays downgraded Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $135.00 to $110.00 in a research note on Monday, March 10th. Finally, Morgan Stanley increased their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.22.

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.