OVERSEA CHINESE BANKING Corp Ltd Sells 51,043 Shares of Emerson Electric Co. (NYSE:EMR)

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in Emerson Electric Co. (NYSE:EMR) by 49.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,298 shares of the industrial products company’s stock after selling 51,043 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Emerson Electric were worth $6,360,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EMR. Xponance Inc. increased its position in Emerson Electric by 4.3% in the fourth quarter. Xponance Inc. now owns 85,204 shares of the industrial products company’s stock worth $10,559,000 after buying an additional 3,524 shares during the last quarter. Boston Partners increased its position in Emerson Electric by 136.3% in the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock worth $411,944,000 after buying an additional 1,913,120 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in Emerson Electric in the fourth quarter worth $5,939,000. Horizon Investments LLC increased its position in Emerson Electric by 1.7% in the fourth quarter. Horizon Investments LLC now owns 9,773 shares of the industrial products company’s stock worth $1,211,000 after buying an additional 160 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Emerson Electric by 10.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 33,039 shares of the industrial products company’s stock worth $4,113,000 after buying an additional 3,177 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Morgan Stanley lifted their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Citigroup assumed coverage on Emerson Electric in a research report on Monday. They issued a “buy” rating and a $132.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $136.22.

Emerson Electric Trading Down 1.6 %

Shares of EMR stock opened at $111.77 on Wednesday. The firm has a market cap of $63.02 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The business has a 50-day moving average price of $122.03 and a two-hundred day moving average price of $119.07. The company has a quick ratio of 1.17, a current ratio of 1.54 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 quarterly earnings data 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 return on equity of 12.08% and a net margin of 13.74%. Equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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%.

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.