Campbell & CO Investment Adviser LLC Sells 8,369 Shares of Emerson Electric Co. (NYSE:EMR)

Campbell & CO Investment Adviser LLC cut its holdings in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 62.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,986 shares of the industrial products company’s stock after selling 8,369 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Emerson Electric were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. West Coast Financial LLC bought a new position in Emerson Electric during the second quarter worth about $206,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Emerson Electric during the third quarter worth about $320,000. Kathmere Capital Management LLC bought a new stake in shares of Emerson Electric in the third quarter valued at about $221,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Emerson Electric by 52.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 406,809 shares of the industrial products company’s stock valued at $39,286,000 after purchasing an additional 140,438 shares in the last quarter. Finally, Gradient Investments LLC lifted its holdings in shares of Emerson Electric by 174.7% in the third quarter. Gradient Investments LLC now owns 1,129 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 718 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EMR. UBS Group cut their price target on Emerson Electric from $104.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, November 22nd. Citigroup dropped their target price on Emerson Electric from $112.00 to $109.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. KeyCorp upped their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Stephens dropped their target price on Emerson Electric from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, November 10th. Finally, Royal Bank of Canada upped their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $109.06.

Check Out Our Latest Analysis on EMR

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai acquired 10,000 shares of the stock in a transaction on Friday, November 17th. The shares were purchased at an average price of $88.20 per share, for a total transaction of $882,000.00. Following the purchase, the chief executive officer now directly owns 148,542 shares in the company, valued at $13,101,404.40. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $104.32 on Tuesday. The firm has a market cap of $59.64 billion, a P/E ratio of 5.43, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $105.71. The business’s 50 day moving average is $95.09 and its 200-day moving average is $94.24.

Emerson Electric (NYSE:EMRGet Free Report) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. Equities research analysts predict that Emerson Electric Co. will post 5.38 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 2.01%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Emerson Electric Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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