Sanctuary Advisors LLC Decreases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Sanctuary Advisors LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,174 shares of the industrial products company’s stock after selling 4,479 shares during the quarter. Sanctuary Advisors LLC’s holdings in Emerson Electric were worth $30,546,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EMR. Pathway Financial Advisers LLC increased its position in Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after buying an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp increased its position in Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after buying an additional 2,016,075 shares in the last quarter. State Street Corp increased its position in Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after buying an additional 1,507,980 shares in the last quarter. Swedbank AB increased its position in Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Finally, Sarasin & Partners LLP increased its position in Emerson Electric by 120.6% during the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock valued at $218,889,000 after buying an additional 965,731 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Loop Capital increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. UBS Group started coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Stock Performance

Shares of EMR stock opened at $123.30 on Monday. The company has a market capitalization of $70.22 billion, a P/E ratio of 29.43, a P/E/G ratio of 2.16 and a beta of 1.34. The business’s 50 day moving average is $125.73 and its two-hundred day moving average is $117.11. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. Analysts expect that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. Emerson Electric’s dividend payout ratio (DPR) is presently 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.