LGT Fund Management Co Ltd. Sells 2,000 Shares of Emerson Electric Co. (NYSE:EMR)

LGT Fund Management Co Ltd. cut its holdings in Emerson Electric Co. (NYSE:EMR) by 15.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 10,767 shares of the industrial products company’s stock after selling 2,000 shares during the period. LGT Fund Management Co Ltd.’s holdings in Emerson Electric were worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stephens Consulting LLC bought a new position in Emerson Electric in the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $25,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the 4th quarter worth approximately $30,000. Finally, Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $29,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on EMR. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley increased their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. Finally, Loop Capital increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $116.95 on Tuesday. The stock has a market cap of $65.95 billion, a PE ratio of 27.91, a PEG ratio of 2.49 and a beta of 1.34. The company’s fifty day moving average is $124.44 and its 200 day moving average is $118.37. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

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

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

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.