Rheos Capital Works Inc. Decreases Stake in Emerson Electric Co. (NYSE:EMR)

Rheos Capital Works Inc. reduced its position in Emerson Electric Co. (NYSE:EMR) by 18.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,100 shares of the industrial products company’s stock after selling 61,000 shares during the quarter. Emerson Electric comprises about 1.9% of Rheos Capital Works Inc.’s holdings, making the stock its 10th biggest holding. Rheos Capital Works Inc.’s holdings in Emerson Electric were worth $34,217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the third quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the 4th quarter worth approximately $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at $29,000. Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in Emerson Electric in the third quarter worth $33,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $129.85 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The company’s 50-day moving average is $127.13 and its 200 day moving average is $116.44. The stock has a market capitalization of $73.95 billion, a P/E ratio of 37.97, a P/E/G ratio of 2.22 and a beta of 1.34.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 61.70%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EMR shares. UBS Group started coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Robert W. Baird boosted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.45.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by corporate insiders.

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.