Alliancebernstein L.P. reduced its position in Emerson Electric Co. (NYSE:EMR) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,136,863 shares of the industrial products company’s stock after selling 14,326 shares during the quarter. Alliancebernstein L.P.’s holdings in Emerson Electric were worth $79,228,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new stake in shares of Emerson Electric in the 3rd quarter valued at $12,652,000. APG Asset Management N.V. boosted its stake in shares of Emerson Electric by 10.8% in the 3rd quarter. APG Asset Management N.V. now owns 3,921,119 shares of the industrial products company’s stock valued at $246,403,000 after purchasing an additional 383,300 shares during the last quarter. Linscomb & Williams Inc. boosted its stake in shares of Emerson Electric by 5.1% in the 3rd quarter. Linscomb & Williams Inc. now owns 62,569 shares of the industrial products company’s stock valued at $3,932,000 after purchasing an additional 3,012 shares during the last quarter. Harrington Investments INC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at $1,400,000. Finally, Keeler Thomas Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $818,000. 69.25% of the stock is currently owned by institutional investors.
Emerson Electric Co. (NYSE:EMR) opened at $72.27 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.32. Emerson Electric Co. has a 1-year low of $56.77 and a 1-year high of $74.45. The firm has a market cap of $47,230.00, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.14 and a beta of 1.15.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 16th were issued a dividend of $0.485 per share. The ex-dividend date was Thursday, February 15th. This represents a $1.94 annualized dividend and a yield of 2.68%. Emerson Electric’s payout ratio is 76.38%.
In other Emerson Electric news, VP Bell Katherine Button sold 7,518 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $66.36, for a total transaction of $498,894.48. Following the transaction, the vice president now owns 36,877 shares in the company, valued at $2,447,157.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.
A number of equities research analysts have recently commented on EMR shares. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Edward Jones downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen upgraded shares of Emerson Electric from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $61.00 to $71.00 in a research report on Tuesday, November 28th. Goldman Sachs Group reiterated a “neutral” rating and set a $66.00 target price on shares of Emerson Electric in a research report on Friday, December 8th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 29th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Emerson Electric currently has an average rating of “Hold” and a consensus price target of $70.72.
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About Emerson Electric
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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