Nuveen Asset Management LLC Sells 993,156 Shares of Emerson Electric Co. (NYSE:EMR)

Nuveen Asset Management LLC lessened its stake in Emerson Electric Co. (NYSE:EMR) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,677,891 shares of the industrial products company’s stock after selling 993,156 shares during the period. Nuveen Asset Management LLC owned about 1.17% of Emerson Electric worth $827,591,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EMR. GDS Wealth Management increased its position in shares of Emerson Electric by 2.0% during the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock valued at $491,000 after purchasing an additional 79 shares during the period. Mcdonald Partners LLC increased its stake in Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock valued at $1,761,000 after acquiring an additional 81 shares during the period. Berkshire Bank raised its position in Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock worth $321,000 after purchasing an additional 89 shares in the last quarter. Little House Capital LLC lifted its stake in Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock worth $2,108,000 after purchasing an additional 89 shares during the period. Finally, Grove Bank & Trust boosted its holdings in Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 90 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.8%

NYSE EMR opened at $121.58 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The stock has a market capitalization of $68.39 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The stock has a fifty day moving average of $106.97 and a 200-day moving average of $118.69.

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

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, May 16th. Emerson Electric’s payout ratio is 50.48%.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer now directly owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EMR. Robert W. Baird cut their target price on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. 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 report on Thursday, May 8th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. Morgan Stanley lifted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Finally, StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $130.88.

About Emerson Electric

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.