Bank OZK Sells 150 Shares of Emerson Electric Co. (NYSE:EMR)

Bank OZK trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,309 shares of the industrial products company’s stock after selling 150 shares during the period. Bank OZK’s holdings in Emerson Electric were worth $534,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB raised its position in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the period. Howard Capital Management Group LLC raised its position in shares of Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 180 shares during the period. Goldstone Financial Group LLC acquired a new position in shares of Emerson Electric during the third quarter worth approximately $393,000. Focus Financial Network Inc. raised its position in shares of Emerson Electric by 3.6% during the third quarter. Focus Financial Network Inc. now owns 3,733 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 128 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Emerson Electric by 0.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock worth $2,016,000 after purchasing an additional 97 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 1.4 %

EMR stock opened at $121.62 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The company has a market capitalization of $68.58 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.49 and a beta of 1.34. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The stock has a fifty day moving average of $124.57 and a 200-day moving average of $118.08.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.73%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. KeyCorp increased their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.90.

About Emerson Electric

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.