CreativeOne Wealth LLC Sells 1,792 Shares of Emerson Electric Co. (NYSE:EMR)

CreativeOne Wealth LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 35.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,273 shares of the industrial products company’s stock after selling 1,792 shares during the quarter. CreativeOne Wealth LLC’s holdings in Emerson Electric were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Emerson Electric by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock worth $6,634,837,000 after purchasing an additional 384,313 shares during the period. Geode Capital Management LLC increased its holdings in shares of Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock worth $1,443,725,000 after buying an additional 232,540 shares during the period. Norges Bank bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $885,886,000. Nordea Investment Management AB grew its position in Emerson Electric by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after acquiring an additional 375,470 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in Emerson Electric by 4.1% in the 4th quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company’s stock worth $542,379,000 after purchasing an additional 171,946 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Shares of EMR opened at $99.55 on Friday. The business’s 50 day moving average price is $111.55 and its 200-day moving average price is $119.01. The stock has a market cap of $56.14 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EMR. KeyCorp cut their target price on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley boosted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Barclays dropped their target price on shares of Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Daiwa Capital Markets began coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

Emerson Electric 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.