Emerson Electric Co. (NYSE:EMR) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 15.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 774,733 shares of the industrial products company’s stock after selling 139,957 shares during the period. Alliancebernstein L.P.’s holdings in Emerson Electric were worth $96,013,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EMR. GDS Wealth Management boosted its stake in Emerson Electric by 2.0% during the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock valued at $491,000 after acquiring an additional 79 shares during the last quarter. Mcdonald Partners LLC grew its stake in Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after purchasing an additional 81 shares in the last quarter. Berkshire Bank increased its holdings in Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock valued at $321,000 after buying an additional 89 shares during the last quarter. Little House Capital LLC raised its stake in Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock valued at $2,108,000 after buying an additional 89 shares in the last quarter. Finally, Grove Bank & Trust grew its position in shares of Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EMR shares. KeyCorp raised their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Barclays decreased their price target on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a report on Wednesday, March 26th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Citigroup initiated coverage on Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 target price for the company. Finally, Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $135.94.

Emerson Electric Stock Up 1.5 %

Shares of EMR stock opened at $111.64 on Thursday. 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 stock has a market cap of $62.95 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The business’s fifty day moving average is $119.70 and its 200-day moving average is $119.81. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85.

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

Emerson Electric Dividend Announcement

The business also recently declared 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 of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.89%. Emerson Electric’s dividend payout ratio is currently 50.36%.

About Emerson Electric

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.