Metis Global Partners LLC Cuts Stake in Emerson Electric Co. (NYSE:EMR)

Metis Global Partners LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,444 shares of the industrial products company’s stock after selling 2,313 shares during the period. Metis Global Partners LLC’s holdings in Emerson Electric were worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of EMR. Connecticut Wealth Management LLC lifted its holdings in Emerson Electric by 16.9% during the fourth quarter. Connecticut Wealth Management LLC now owns 5,383 shares of the industrial products company’s stock worth $524,000 after buying an additional 777 shares during the period. Royal Fund Management LLC raised its holdings in shares of Emerson Electric by 5.8% in the fourth quarter. Royal Fund Management LLC now owns 39,239 shares of the industrial products company’s stock worth $3,821,000 after buying an additional 2,160 shares during the last quarter. AJOVista LLC purchased a new stake in shares of Emerson Electric during the fourth quarter valued at $194,000. ARS Wealth Advisors Group LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $234,000. Finally, Sapient Capital LLC purchased a new position in Emerson Electric in the 4th quarter worth $528,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $106.13 on Wednesday. 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. The firm has a market capitalization of $60.58 billion, a P/E ratio of 5.60, a P/E/G ratio of 1.84 and a beta of 1.36. The company’s fifty day moving average price is $110.61 and its 200 day moving average price is $99.95.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the firm earned $0.78 EPS. The business’s revenue was up 22.1% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.98%. Emerson Electric’s payout ratio is currently 10.94%.

Insider Buying and Selling

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

EMR has been the topic of a number of research reports. KeyCorp increased their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Barclays increased their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Bank of America increased their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Royal Bank of Canada upped their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, Berenberg Bank lifted their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $118.07.

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.