Emerson Electric (NYSE:EMR) Position Trimmed by Clearbridge Investments LLC

Clearbridge Investments LLC cut its position in shares of Emerson Electric (NYSE:EMR) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 354,789 shares of the industrial products company’s stock after selling 95,922 shares during the quarter. Clearbridge Investments LLC owned 0.06% of Emerson Electric worth $24,725,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Emerson Electric by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock valued at $2,634,958,000 after acquiring an additional 497,625 shares in the last quarter. BlackRock Inc. increased its stake in shares of Emerson Electric by 0.6% in the 4th quarter. BlackRock Inc. now owns 41,040,358 shares of the industrial products company’s stock valued at $2,860,104,000 after purchasing an additional 262,289 shares during the last quarter. Longview Partners Guernsey LTD increased its stake in shares of Emerson Electric by 4.1% in the 4th quarter. Longview Partners Guernsey LTD now owns 14,322,835 shares of the industrial products company’s stock valued at $998,158,000 after purchasing an additional 564,510 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Emerson Electric by 4.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock valued at $839,288,000 after purchasing an additional 597,993 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of Emerson Electric by 4.6% in the 2nd quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock valued at $682,649,000 after purchasing an additional 500,000 shares during the last quarter. Hedge funds and other institutional investors own 69.90% of the company’s stock.

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Shares of NYSE:EMR traded down $2.10 on Friday, reaching $66.31. 4,468,604 shares of the company traded hands, compared to its average volume of 3,318,080. Emerson Electric has a 52 week low of $56.77 and a 52 week high of $74.45. The stock has a market capitalization of $43,429.25, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 2.08 and a beta of 1.18. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. Emerson Electric’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. research analysts predict that Emerson Electric will post 3.12 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 16th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.94 annualized dividend and a yield of 2.93%. Emerson Electric’s payout ratio is 73.48%.

A number of equities research analysts recently weighed in on the company. JMP Securities downgraded Emerson Electric from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $74.45 to $56.77 in a research note on Thursday, February 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price target on shares of Emerson Electric in a research note on Monday, December 11th. Robert W. Baird increased their price objective on Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Thursday, February 8th. Finally, UBS started coverage on Emerson Electric in a report on Monday, January 22nd. They set a “buy” rating and a $73.26 price objective for the company. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $70.72.

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Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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