OLD Republic International Corp Sells 210,100 Shares of Emerson Electric Co. (NYSE:EMR)

OLD Republic International Corp reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 29.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 505,600 shares of the industrial products company’s stock after selling 210,100 shares during the quarter. Emerson Electric makes up about 1.9% of OLD Republic International Corp’s holdings, making the stock its 28th biggest holding. OLD Republic International Corp owned about 0.09% of Emerson Electric worth $49,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tobam increased its stake in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Emerson Electric in the fourth quarter worth $35,000. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at $39,000. Pacific Capital Wealth Advisors Inc. bought a new position in Emerson Electric in the 4th quarter worth about $39,000. Finally, MCF Advisors LLC grew its position in Emerson Electric by 1,484.6% during the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 386 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.0 %

EMR stock traded down $0.03 on Friday, hitting $115.56. 666,906 shares of the company’s stock were exchanged, compared to its average volume of 2,821,454. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $116.76. The stock has a market cap of $65.96 billion, a P/E ratio of 6.01, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The firm has a 50 day moving average price of $110.92 and a two-hundred day moving average price of $100.15.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. Emerson Electric’s revenue was up 16.5% compared to the same quarter last year. As a group, equities research analysts expect that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.82%. Emerson Electric’s dividend payout ratio is presently 10.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on EMR shares. Mizuho increased their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday. Bank of America raised their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Barclays upped their price target on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. UBS Group upped their target price 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. Finally, Robert W. Baird dropped their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.41.

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.