UNIVEST FINANCIAL Corp Sells 160 Shares of Emerson Electric Co. (NYSE:EMR)

UNIVEST FINANCIAL Corp lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,883 shares of the industrial products company’s stock after selling 160 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Emerson Electric were worth $357,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of EMR. Raymond James Financial Inc. purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $297,947,000. Boston Partners raised its position in shares of Emerson Electric by 136.3% during the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock valued at $411,944,000 after buying an additional 1,913,120 shares in the last quarter. State Street Corp grew its position in Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares in the last quarter. Fisher Asset Management LLC increased its stake in Emerson Electric by 234.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock valued at $252,313,000 after acquiring an additional 1,426,718 shares during the last quarter. Finally, Sarasin & Partners LLP raised its position in Emerson Electric by 120.6% during the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock valued at $218,889,000 after purchasing an additional 965,731 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on EMR shares. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Citigroup began coverage on shares of Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $135.94.

Emerson Electric Stock Down 1.5 %

Shares of NYSE EMR opened at $113.60 on Thursday. The firm has a fifty day simple moving average of $121.30 and a two-hundred day simple moving average of $119.46. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $64.06 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data 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 net margin of 13.74% and a return on equity of 12.08%. Equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.86%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

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.