Emerson Electric Co. (NYSE:EMR) is Guinness Asset Management LTD’s 7th Largest Position

Guinness Asset Management LTD increased its position in Emerson Electric Co. (NYSE:EMR) by 5.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,924,171 shares of the industrial products company’s stock after buying an additional 95,691 shares during the period. Emerson Electric comprises approximately 4.5% of Guinness Asset Management LTD’s holdings, making the stock its 7th largest position. Guinness Asset Management LTD owned 0.34% of Emerson Electric worth $238,473,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EMR. Wilmington Savings Fund Society FSB lifted its holdings in shares of Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after buying an additional 30,741 shares in the last quarter. Geode Capital Management LLC lifted its stake in Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after purchasing an additional 162,985 shares in the last quarter. Bank of Montreal Can grew its position in shares of Emerson Electric by 17.0% during the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock valued at $152,359,000 after purchasing an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Emerson Electric by 8.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after buying an additional 5,416 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after buying an additional 5,393 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EMR shares. Jefferies Financial Group initiated coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. KeyCorp lifted their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada dropped their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.89.

Emerson Electric Stock Up 1.1 %

Shares of NYSE:EMR opened at $124.65 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $127.05 and its 200 day moving average is $115.27. The stock has a market cap of $70.99 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

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.