Quilter Plc Sells 15,079 Shares of Emerson Electric Co. (NYSE:EMR)

Quilter Plc lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 768,338 shares of the industrial products company’s stock after selling 15,079 shares during the quarter. Emerson Electric accounts for 1.9% of Quilter Plc’s holdings, making the stock its 18th biggest holding. Quilter Plc owned approximately 0.13% of Emerson Electric worth $95,220,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Wingate Wealth Advisors Inc. bought a new position in Emerson Electric in the 4th quarter valued at $174,000. Angeles Wealth Management LLC bought a new position in Emerson Electric in the 4th quarter valued at $226,000. Tevis Investment Management bought a new position in shares of Emerson Electric during the 4th quarter worth $212,000. Compass Financial Services Inc purchased a new position in shares of Emerson Electric during the fourth quarter valued at $53,000. Finally, Kestra Private Wealth Services LLC increased its stake in shares of Emerson Electric by 7.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 97,804 shares of the industrial products company’s stock valued at $12,121,000 after buying an additional 6,633 shares during the period. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Wells Fargo & Company raised their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday. Finally, UBS Group initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Trading Down 2.4 %

Emerson Electric stock opened at $124.37 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a market capitalization of $70.83 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The stock has a 50-day moving average price of $126.51 and a 200 day moving average price of $116.78.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts anticipate that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

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.