Emerson Electric Co. $EMR Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 28.8% during the 3rd quarter, Holdings Channel reports. The fund owned 362,286 shares of the industrial products company’s stock after selling 146,366 shares during the quarter. Voya Investment Management LLC’s holdings in Emerson Electric were worth $47,525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMR. Brighton Jones LLC grew its position in shares of Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after buying an additional 4,850 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Emerson Electric by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,523,931 shares of the industrial products company’s stock worth $167,085,000 after acquiring an additional 11,095 shares in the last quarter. Summit Financial LLC increased its position in shares of Emerson Electric by 7.5% in the 1st quarter. Summit Financial LLC now owns 20,519 shares of the industrial products company’s stock valued at $2,250,000 after purchasing an additional 1,425 shares during the last quarter. CW Advisors LLC raised its holdings in shares of Emerson Electric by 77.2% in the 1st quarter. CW Advisors LLC now owns 3,789 shares of the industrial products company’s stock valued at $420,000 after purchasing an additional 1,651 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in shares of Emerson Electric by 12.1% during the 1st quarter. Norinchukin Bank The now owns 25,791 shares of the industrial products company’s stock worth $2,828,000 after purchasing an additional 2,779 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total value of $965,979.00. Following the transaction, the chief executive officer owned 196,292 shares in the company, valued at $26,106,836. The trade was a 3.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $132.96 on Friday. The stock has a market cap of $74.76 billion, a P/E ratio of 32.91, a P/E/G ratio of 2.17 and a beta of 1.26. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The stock has a 50 day moving average of $132.43 and a two-hundred day moving average of $133.56. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41.

Emerson Electric (NYSE:EMR) last announced its earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 12.73% and a return on equity of 15.87%. On average, research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric declared that its board has initiated a share buyback plan on Wednesday, November 5th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 14th. Emerson Electric’s payout ratio is currently 54.95%.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. JPMorgan Chase & Co. cut their target price on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Wolfe Research upped their price target on Emerson Electric from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Finally, Barclays upped their target price on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $149.06.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.