Emerson Electric Co. (NYSE:EMR) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,399 shares of the industrial products company’s stock after selling 8,411 shares during the period. Amalgamated Bank’s holdings in Emerson Electric were worth $13,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. grew its stake in Emerson Electric by 255.5% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock valued at $270,771,000 after purchasing an additional 2,015,232 shares during the last quarter. Nordea Investment Management AB boosted its position in Emerson Electric by 26.5% in the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after buying an additional 1,558,903 shares during the last quarter. Schroder Investment Management Group increased its holdings in Emerson Electric by 211.7% in the 3rd quarter. Schroder Investment Management Group now owns 2,003,099 shares of the industrial products company’s stock worth $193,439,000 after buying an additional 1,360,477 shares during the period. Invesco Ltd. raised its position in Emerson Electric by 16.9% during the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after buying an additional 1,184,202 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Emerson Electric by 7.9% during the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after acquiring an additional 1,008,294 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on EMR shares. Citigroup raised their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. UBS Group boosted their price objective on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. KeyCorp raised their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Royal Bank of Canada boosted their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Finally, Mizuho increased their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $116.25.

Emerson Electric Price Performance

Shares of NYSE:EMR traded up $0.13 during trading on Friday, reaching $106.54. The stock had a trading volume of 5,571,162 shares, compared to its average volume of 2,681,387. The business has a fifty day moving average price of $110.57 and a 200-day moving average price of $99.60. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $115.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The stock has a market cap of $60.81 billion, a PE ratio of 5.55, a PEG ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS. On average, equities analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.97%. Emerson Electric’s payout ratio is 10.94%.

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.