Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Cuts Position in Emerson Electric Co. (NYSE:EMR)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 10.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,950 shares of the industrial products company’s stock after selling 1,451 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Emerson Electric were worth $1,316,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Campbell & CO Investment Adviser LLC grew its position in Emerson Electric by 96.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 9,773 shares of the industrial products company’s stock valued at $951,000 after buying an additional 4,787 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Emerson Electric by 87.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 753,669 shares of the industrial products company’s stock valued at $73,354,000 after acquiring an additional 352,566 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of Emerson Electric during the 4th quarter worth approximately $405,000. NEOS Investment Management LLC raised its holdings in shares of Emerson Electric by 23.1% in the 4th quarter. NEOS Investment Management LLC now owns 11,280 shares of the industrial products company’s stock worth $1,098,000 after purchasing an additional 2,114 shares during the period. Finally, Rafferty Asset Management LLC lifted its stake in Emerson Electric by 5.2% in the fourth quarter. Rafferty Asset Management LLC now owns 47,822 shares of the industrial products company’s stock valued at $4,655,000 after purchasing an additional 2,372 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Oppenheimer boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Morgan Stanley initiated coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Wells Fargo & Company cut their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Barclays dropped their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Finally, Robert W. Baird lifted their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.59.

Emerson Electric Stock Down 0.1 %

EMR stock opened at $109.25 on Wednesday. The company’s 50 day moving average is $105.65 and its 200 day moving average is $109.31. The stock has a market cap of $62.50 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the company posted $1.29 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts predict that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. Emerson Electric’s dividend payout ratio is 11.24%.

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.