Groupama Asset Managment Sells 29,939 Shares of Emerson Electric Co. (NYSE:EMR)

Groupama Asset Managment lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 46.1% in the 4th quarter, HoldingsChannel reports. The fund owned 34,948 shares of the industrial products company’s stock after selling 29,939 shares during the period. Groupama Asset Managment’s holdings in Emerson Electric were worth $4,343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric in the fourth quarter worth $28,000. YANKCOM Partnership purchased a new stake in shares of Emerson Electric during the fourth quarter valued at $30,000. Finally, Fiduciary Advisors Inc. purchased a new position in Emerson Electric in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.3 %

Shares of EMR stock opened at $109.94 on Wednesday. The stock has a 50 day simple moving average of $120.06 and a 200-day simple moving average of $119.87. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a market cap of $62.00 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.92%. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Ratings Changes

Several analysts have weighed in on the company. KeyCorp boosted 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. JPMorgan Chase & Co. reduced 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 report on Wednesday, January 15th. Morgan Stanley upped their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.94.

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.