Amalgamated Bank Sells 8,411 Shares of Emerson Electric Co. (NYSE:EMR)

Amalgamated Bank lowered its stake in Emerson Electric Co. (NYSE:EMR) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 138,399 shares of the industrial products company’s stock after selling 8,411 shares during the quarter. Amalgamated Bank’s holdings in Emerson Electric were worth $13,470,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Morgan Stanley raised its position in Emerson Electric by 7.9% during the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after purchasing an additional 1,008,294 shares during the last quarter. Invesco Ltd. increased its position in Emerson Electric by 16.9% during the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after purchasing an additional 1,184,202 shares during the period. Nordea Investment Management AB raised its holdings in Emerson Electric by 26.5% in the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after purchasing an additional 1,558,903 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Emerson Electric by 2.4% during the 3rd quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock valued at $692,176,000 after purchasing an additional 168,783 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Emerson Electric by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 5,865,155 shares of the industrial products company’s stock valued at $566,398,000 after buying an additional 165,249 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded up $0.13 during trading on Friday, hitting $106.54. 5,571,162 shares of the company’s stock traded hands, compared to its average volume of 2,681,387. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The business has a 50-day simple moving average of $110.57 and a 200-day simple moving average of $99.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The stock has a market capitalization of $60.81 billion, a P/E ratio of 5.55, a PEG ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. As a group, analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup raised their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. KeyCorp increased their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Bank of America boosted their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. UBS Group increased their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Mizuho boosted their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.25.

Emerson Electric 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.