Gulf International Bank UK Ltd Sells 465 Shares of Emerson Electric Co. (NYSE:EMR)

Gulf International Bank UK Ltd decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,734 shares of the industrial products company’s stock after selling 465 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Emerson Electric were worth $5,543,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EMR. Swedbank AB grew its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the period. Howard Capital Management Group LLC lifted its position in Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 180 shares in the last quarter. Mutual Advisors LLC grew its holdings in Emerson Electric by 0.8% during the third quarter. Mutual Advisors LLC now owns 29,641 shares of the industrial products company’s stock valued at $3,209,000 after purchasing an additional 245 shares during the period. Golden State Equity Partners bought a new position in shares of Emerson Electric in the third quarter worth about $487,000. Finally, First Trust Direct Indexing L.P. lifted its position in shares of Emerson Electric by 14.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 22,707 shares of the industrial products company’s stock valued at $2,483,000 after buying an additional 2,890 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

EMR stock opened at $120.03 on Friday. The company has a fifty day simple moving average of $124.62 and a two-hundred day simple moving average of $117.95. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $67.68 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 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%. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.76%. Emerson Electric’s payout ratio is presently 50.36%.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Morgan Stanley raised their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. BNP Paribas started coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. Finally, Daiwa Capital Markets started coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

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.