Mission Wealth Management LP Decreases Position in Emerson Electric Co. (NYSE:EMR)

Mission Wealth Management LP trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 20.9% during the fourth quarter, Holdings Channel reports. The firm owned 1,628 shares of the industrial products company’s stock after selling 430 shares during the quarter. Mission Wealth Management LP’s holdings in Emerson Electric were worth $202,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EMR. State Street Corp boosted its position in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Emerson Electric by 234.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock valued at $252,313,000 after acquiring an additional 1,426,718 shares in the last quarter. Swedbank AB lifted its position in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after acquiring an additional 1,424,800 shares in the last quarter. Sarasin & Partners LLP lifted its position in shares of Emerson Electric by 120.6% in the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock valued at $218,889,000 after acquiring an additional 965,731 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Emerson Electric by 50.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,153,085 shares of the industrial products company’s stock valued at $266,832,000 after acquiring an additional 718,781 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. BNP Paribas began coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. Jefferies Financial Group started coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

Emerson Electric Stock Performance

Emerson Electric stock opened at $116.19 on Friday. The stock’s 50-day moving average is $123.78 and its 200-day moving average is $118.41. The company has a market cap of $65.52 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. 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 quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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%. Equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.82%. Emerson Electric’s 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.