Emerson Electric Co. (EMR) Shares Sold by WINTON GROUP Ltd
WINTON GROUP Ltd decreased its position in Emerson Electric Co. (NYSE:EMR) by 50.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,299 shares of the industrial products company’s stock after selling 8,432 shares during the quarter. WINTON GROUP Ltd’s holdings in Emerson Electric were worth $578,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Beach Investment Management LLC. purchased a new stake in shares of Emerson Electric during the second quarter worth $771,000. Raymond James Trust N.A. increased its position in shares of Emerson Electric by 3.2% during the second quarter. Raymond James Trust N.A. now owns 52,846 shares of the industrial products company’s stock worth $3,151,000 after acquiring an additional 1,648 shares during the period. South State Corp increased its position in shares of Emerson Electric by 2.5% during the second quarter. South State Corp now owns 94,958 shares of the industrial products company’s stock worth $5,661,000 after acquiring an additional 2,330 shares during the period. WBI Investments Inc. purchased a new stake in shares of Emerson Electric during the second quarter worth $10,029,000. Finally, Teachers Advisors LLC increased its position in shares of Emerson Electric by 25.3% during the second quarter. Teachers Advisors LLC now owns 1,127,133 shares of the industrial products company’s stock worth $67,200,000 after acquiring an additional 227,878 shares during the period. 69.25% of the stock is currently owned by institutional investors.
Emerson Electric Co. (EMR) opened at $72.27 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.32. The company has a market cap of $45,880.00, a price-to-earnings ratio of 28.45, a P/E/G ratio of 2.20 and a beta of 1.15. Emerson Electric Co. has a 12 month low of $56.77 and a 12 month high of $74.45.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 16th were paid a $0.485 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.94 annualized dividend and a yield of 2.68%. Emerson Electric’s dividend payout ratio is presently 76.38%.
In other Emerson Electric news, VP Bell Katherine Button sold 7,518 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $66.36, for a total value of $498,894.48. Following the completion of the transaction, the vice president now owns 36,877 shares in the company, valued at $2,447,157.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.79% of the company’s stock.
EMR has been the topic of a number of recent research reports. Cowen reaffirmed a “buy” rating and set a $72.00 price objective on shares of Emerson Electric in a research report on Wednesday, December 6th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $66.00 price objective on shares of Emerson Electric in a research report on Friday, December 8th. JPMorgan Chase & Co. initiated coverage on Emerson Electric in a research report on Wednesday, November 29th. They set a “neutral” rating on the stock. Vertical Research raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Finally, Barclays initiated coverage on Emerson Electric in a research report on Thursday, February 15th. They set an “overweight” rating and a $80.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. Emerson Electric currently has an average rating of “Hold” and an average price target of $70.72.
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Emerson Electric Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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