Nichols & Pratt Advisers LLP MA Has $4.91 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Nichols & Pratt Advisers LLP MA decreased its holdings in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 15.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 50,844 shares of the industrial products company’s stock after selling 9,070 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Emerson Electric were worth $4,910,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC boosted its holdings in Emerson Electric by 105,280.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock worth $5,227,354,000 after purchasing an additional 54,365,954 shares during the last quarter. State Street Corp boosted its holdings in Emerson Electric by 0.3% during the second quarter. State Street Corp now owns 24,568,180 shares of the industrial products company’s stock worth $2,220,718,000 after purchasing an additional 64,875 shares during the last quarter. Morgan Stanley boosted its holdings in Emerson Electric by 28.4% during the fourth quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock worth $1,136,909,000 after purchasing an additional 2,621,089 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Emerson Electric by 2.2% during the second quarter. Geode Capital Management LLC now owns 10,538,130 shares of the industrial products company’s stock worth $949,669,000 after purchasing an additional 225,683 shares during the last quarter. Finally, Norges Bank acquired a new position in Emerson Electric during the fourth quarter worth $702,606,000. Institutional investors and hedge funds own 72.02% of the company’s stock.

Emerson Electric Price Performance

EMR stock opened at $103.20 on Monday. The company’s 50-day moving average price is $94.78 and its two-hundred day moving average price is $94.15. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $105.71. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The firm has a market cap of $59.00 billion, a P/E ratio of 5.38, a P/E/G ratio of 1.80 and a beta of 1.34.

Emerson Electric (NYSE:EMRGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the company posted $0.78 EPS. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, analysts anticipate that Emerson Electric Co. will post 5.38 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Friday, February 16th will be paid a $0.525 dividend. The ex-dividend date is Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.03%. Emerson Electric’s payout ratio is currently 10.94%.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average cost of $88.20 per share, for a total transaction of $882,000.00. Following the transaction, the chief executive officer now directly owns 148,542 shares in the company, valued at $13,101,404.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays increased their price target on shares of Emerson Electric from $91.00 to $95.00 and gave the company an “equal weight” rating in a research note on Thursday. Royal Bank of Canada increased their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. KeyCorp increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Citigroup dropped their price objective on shares of Emerson Electric from $112.00 to $109.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.06.

Check Out Our Latest Stock Analysis on Emerson Electric

Emerson Electric Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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