Emerson Electric Co. (NYSE:EMR) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its position in Emerson Electric Co. (NYSE:EMR) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 104,726 shares of the industrial products company’s stock after selling 2,720 shares during the quarter. Impax Asset Management Group plc’s holdings in Emerson Electric were worth $12,979,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Stephens Consulting LLC purchased a new stake in Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the fourth quarter worth $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric in the third quarter valued at $25,000. YANKCOM Partnership purchased a new position in Emerson Electric in the fourth quarter valued at $30,000. Finally, Darwin Wealth Management LLC acquired a new position in Emerson Electric during the 3rd quarter worth $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. KeyCorp increased their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $120.63 on Tuesday. 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 stock has a market cap of $68.02 billion, a P/E ratio of 28.79, a P/E/G ratio of 2.49 and a beta of 1.34. The stock has a 50 day moving average of $124.89 and a two-hundred day moving average of $117.81. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 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.