Emerson Electric Co. (NYSE:EMR) Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 953,171 shares of the industrial products company’s stock after selling 19,724 shares during the period. Emerson Electric makes up about 1.3% of Brandes Investment Partners LP’s holdings, making the stock its 25th largest holding. Brandes Investment Partners LP owned about 0.17% of Emerson Electric worth $118,126,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC acquired a new position in Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $27,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $30,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at $29,000. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Morgan Stanley raised 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. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Wells Fargo & Company raised their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.28.

Emerson Electric Price Performance

Shares of EMR opened at $112.11 on Friday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The stock’s 50 day moving average is $122.37 and its two-hundred day moving average is $118.75. The firm has a market capitalization of $63.22 billion, a PE ratio of 26.76, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. Research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Emerson Electric 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.