Emerson Electric Co. (NYSE:EMR) Shares Sold by Wintrust Investments LLC

Wintrust Investments LLC cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 44.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 514 shares of the industrial products company’s stock after selling 417 shares during the period. Wintrust Investments LLC’s holdings in Emerson Electric were worth $63,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Tredje AP fonden lifted its stake in Emerson Electric by 8.0% during the fourth quarter. Tredje AP fonden now owns 231,106 shares of the industrial products company’s stock valued at $28,641,000 after purchasing an additional 17,178 shares during the last quarter. Vestcor Inc raised its holdings in shares of Emerson Electric by 35.9% during the fourth quarter. Vestcor Inc now owns 15,080 shares of the industrial products company’s stock valued at $1,869,000 after acquiring an additional 3,981 shares during the period. Avantax Advisory Services Inc. raised its holdings in shares of Emerson Electric by 4.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 92,021 shares of the industrial products company’s stock valued at $11,404,000 after acquiring an additional 4,298 shares during the period. Essential Planning LLC. acquired a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $1,645,000. Finally, Truvestments Capital LLC raised its holdings in shares of Emerson Electric by 4.1% during the fourth quarter. Truvestments Capital LLC now owns 24,513 shares of the industrial products company’s stock valued at $3,038,000 after acquiring an additional 970 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays lowered shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $135.00 to $110.00 in a report on Monday. Jefferies Financial Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $136.28.

Emerson Electric Price Performance

NYSE EMR opened at $109.17 on Friday. The company has a fifty day simple moving average of $122.60 and a 200 day simple moving average of $118.70. The company has a market cap of $61.56 billion, a P/E ratio of 26.05, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. 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 released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 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.