Principal Financial Group Inc. reduced its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 797,354 shares of the industrial products company's stock after selling 15,622 shares during the period. Principal Financial Group Inc. owned about 0.14% of Emerson Electric worth $98,816,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Stephens Consulting LLC acquired a new position in Emerson Electric in the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the 4th quarter worth about $27,000. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric during the 3rd quarter worth about $25,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric during the 4th quarter worth about $30,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth about $29,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Emerson Electric stock opened at $125.00 on Wednesday. The business has a 50 day moving average price of $125.59 and a two-hundred day moving average price of $117.18. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a market cap of $70.49 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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%. As a group, equities analysts forecast that Emerson Electric Co. will post 5.95 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. Emerson Electric's payout ratio is presently 50.36%.
Several analysts have recently issued reports on EMR shares. Morgan Stanley upped their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. decreased their target price on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Robert W. Baird increased their target price on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. One 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $136.90.
Check Out Our Latest Analysis on 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.
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