Robeco Institutional Asset Management B.V. Sells 28,754 Shares of Emerson Electric Co. (NYSE:EMR)

Robeco Institutional Asset Management B.V. cut its stake in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 12.4% in the 4th quarter, HoldingsChannel reports. The fund owned 202,478 shares of the industrial products company’s stock after selling 28,754 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Emerson Electric were worth $25,093,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric in the 4th quarter valued at $27,000. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the third quarter valued at about $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the third quarter worth about $29,000. Frazier Financial Advisors LLC bought a new position in shares of Emerson Electric during the third quarter worth approximately $33,000. Finally, Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric in the third quarter valued at approximately $33,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $130.41 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $74.27 billion, a PE ratio of 38.13, a P/E/G ratio of 2.22 and a beta of 1.35. The firm has a fifty day simple moving average of $127.10 and a 200 day simple moving average of $116.28. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.62%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EMR shares. Wells Fargo & Company dropped their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research report on Tuesday. They set an “outperform” rating and a $147.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $136.45.

Check Out Our Latest Stock Analysis on Emerson Electric

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMRFree Report).

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

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.