Emerson Electric Co. (NYSE:EMR) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 12.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 37,375 shares of the industrial products company’s stock after selling 5,539 shares during the period. USS Investment Management Ltd’s holdings in Emerson Electric were worth $4,634,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in EMR. Stephens Consulting LLC acquired a new position in shares of Emerson Electric in the fourth quarter worth $25,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric in the fourth quarter worth $28,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric in the fourth quarter worth $30,000. Fiduciary Advisors Inc. acquired a new position in shares of Emerson Electric in the fourth quarter worth $35,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Emerson Electric by 208.2% in the fourth quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 202 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 1.1%

Shares of EMR opened at $117.37 on Friday. The stock’s 50-day moving average is $107.91 and its two-hundred day moving average is $119.11. The stock has a market cap of $66.02 billion, a PE ratio of 28.01, a P/E/G ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Friday, May 16th. Emerson Electric’s dividend payout ratio is presently 50.48%.

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

EMR has been the subject of a number of recent analyst reports. Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Wells Fargo & Company lifted their price objective on Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank of Canada lifted their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Citigroup lifted their price objective on Emerson Electric from $119.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Finally, Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.06.

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.