Emerson Electric Co. (NYSE:EMR) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its position in Emerson Electric Co. (NYSE:EMR) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 258,535 shares of the industrial products company’s stock after selling 25,364 shares during the period. Pictet Asset Management Holding SA’s holdings in Emerson Electric were worth $32,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric during the 4th quarter valued at approximately $28,000. YANKCOM Partnership acquired a new stake in Emerson Electric in the 4th quarter valued at $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric during the fourth quarter worth $35,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on EMR shares. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Morgan Stanley boosted their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. KeyCorp raised their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Barclays reduced their price objective on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a research note on Wednesday, March 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $135.94.

Emerson Electric Stock Performance

Emerson Electric stock opened at $108.56 on Monday. The stock has a market cap of $61.22 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $120.75 and a 200-day simple moving average of $119.75. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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%. On average, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.94%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 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.