Atria Wealth Solutions Inc. Lowers Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Atria Wealth Solutions Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 6.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,071 shares of the industrial products company’s stock after selling 2,376 shares during the period. Atria Wealth Solutions Inc.’s holdings in Emerson Electric were worth $4,346,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC boosted its stake in shares of Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after purchasing an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after buying an additional 2,016,075 shares during the period. State Street Corp boosted its position in Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after acquiring an additional 1,507,980 shares in the last quarter. Swedbank AB increased its holdings in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the period. Finally, Sarasin & Partners LLP raised its position in shares of Emerson Electric by 120.6% in the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after acquiring an additional 965,731 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wells Fargo & Company lifted their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. KeyCorp upped their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Robert W. Baird raised their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. One 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Up 0.3 %

Emerson Electric stock opened at $124.74 on Friday. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The firm has a market cap of $70.34 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 2.50 and a beta of 1.34. The business’s 50-day moving average price is $125.25 and its 200 day moving average price is $117.40. 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 posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

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.