Yousif Capital Management LLC Sells 6,662 Shares of Emerson Electric Co. (NYSE:EMR)

Yousif Capital Management LLC lowered its stake in Emerson Electric Co. (NYSE:EMR) by 4.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 161,196 shares of the industrial products company’s stock after selling 6,662 shares during the period. Yousif Capital Management LLC’s holdings in Emerson Electric were worth $15,689,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of EMR. Adage Capital Partners GP L.L.C. increased its holdings in Emerson Electric by 255.5% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock valued at $270,771,000 after buying an additional 2,015,232 shares during the period. Nordea Investment Management AB grew its holdings in Emerson Electric by 26.5% during the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after acquiring an additional 1,558,903 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Emerson Electric by 211.7% in the 3rd quarter. Schroder Investment Management Group now owns 2,003,099 shares of the industrial products company’s stock valued at $193,439,000 after buying an additional 1,360,477 shares during the last quarter. Invesco Ltd. lifted its position in shares of Emerson Electric by 16.9% in the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after purchasing an additional 1,184,202 shares during the period. Finally, Morgan Stanley raised its position in shares of Emerson Electric by 7.9% in the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after acquiring an additional 1,008,294 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 0.1 %

Shares of NYSE EMR traded down $0.15 during trading on Wednesday, hitting $109.62. The stock had a trading volume of 1,374,325 shares, compared to its average volume of 2,624,283. The firm has a fifty day moving average of $110.16 and a two-hundred day moving average of $99.04. The company has a market capitalization of $62.57 billion, a PE ratio of 5.72, a PEG ratio of 1.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the business posted $0.78 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Analyst Ratings Changes

A number of research firms have issued reports on EMR. Citigroup increased their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Mizuho raised their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. UBS Group upped their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Barclays raised their target price on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, KeyCorp upped their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.25.

Insider Activity

In related news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.25% of the company’s stock.

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.