Emerson Electric Co. $EMR Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 899,641 shares of the industrial products company’s stock after selling 6,306 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Emerson Electric worth $118,015,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the second quarter valued at $29,000. Winnow Wealth LLC purchased a new position in shares of Emerson Electric in the 2nd quarter worth about $34,000. PFS Partners LLC lifted its stake in shares of Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 108 shares in the last quarter. Traub Capital Management LLC purchased a new stake in shares of Emerson Electric during the 2nd quarter worth about $37,000. Finally, Princeton Global Asset Management LLC acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $38,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 1.9%

Shares of Emerson Electric stock opened at $145.55 on Wednesday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a market capitalization of $81.84 billion, a PE ratio of 36.03, a P/E/G ratio of 2.33 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.88 and a quick ratio of 0.65. The business has a 50-day moving average of $133.74 and a 200-day moving average of $134.50.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%.The firm had revenue of $3.16 billion during the quarter. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 14th. Emerson Electric’s payout ratio is presently 54.95%.

Emerson Electric declared that its board has approved a share buyback program on Wednesday, November 5th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have issued reports on EMR. Barclays boosted their price objective on shares of Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Daiwa Capital Markets upped their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Evercore ISI started coverage on Emerson Electric in a research report on Monday, December 15th. They issued an “outperform” rating and a $170.00 target price for the company. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $140.00 target price (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $150.18.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total transaction of $965,979.00. Following the transaction, the chief executive officer directly owned 196,292 shares in the company, valued at $26,106,836. This represents a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is owned by corporate insiders.

Emerson Electric 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.