Credit Agricole S A Sells 20,709 Shares of Emerson Electric Co. $EMR

Credit Agricole S A lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 13.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,419 shares of the industrial products company’s stock after selling 20,709 shares during the period. Credit Agricole S A’s holdings in Emerson Electric were worth $14,409,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EMR. Brighton Jones LLC boosted its holdings in shares of Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after buying an additional 4,850 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $249,000. OneDigital Investment Advisors LLC raised its position in shares of Emerson Electric by 2.1% in the 4th quarter. OneDigital Investment Advisors LLC now owns 25,547 shares of the industrial products company’s stock worth $3,166,000 after purchasing an additional 533 shares during the last quarter. Alta Advisers Ltd raised its position in shares of Emerson Electric by 28.9% in the 4th quarter. Alta Advisers Ltd now owns 1,934 shares of the industrial products company’s stock worth $240,000 after purchasing an additional 434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Emerson Electric by 4.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,512,836 shares of the industrial products company’s stock worth $187,487,000 after purchasing an additional 69,467 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of several recent analyst reports. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Citigroup lifted their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Stephens lifted their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Bank of America lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.39.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $130.7950 on Thursday. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The business has a 50-day simple moving average of $136.83 and a two-hundred day simple moving average of $121.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The firm has a market cap of $73.61 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 2.57 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 45.38%.

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.