Emerson Electric Co. $EMR Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 6.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 345,860 shares of the industrial products company’s stock after selling 25,374 shares during the period. Emerson Electric makes up approximately 0.9% of Deprince Race & Zollo Inc.’s holdings, making the stock its 28th biggest holding. Deprince Race & Zollo Inc.’s holdings in Emerson Electric were worth $45,370,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. grew its stake in shares of Emerson Electric by 18.3% in the 2nd quarter. Coldstream Capital Management Inc. now owns 21,378 shares of the industrial products company’s stock worth $2,850,000 after purchasing an additional 3,308 shares during the last quarter. Marshall Wace LLP boosted its holdings in Emerson Electric by 74.4% during the second quarter. Marshall Wace LLP now owns 1,286,755 shares of the industrial products company’s stock worth $171,563,000 after buying an additional 548,795 shares in the last quarter. Davis Investment Partners LLC bought a new position in shares of Emerson Electric in the second quarter valued at $692,000. CORDA Investment Management LLC. acquired a new stake in shares of Emerson Electric during the 2nd quarter valued at $1,173,000. Finally, Legal & General Group Plc boosted its stake in shares of Emerson Electric by 5.0% during the 2nd quarter. Legal & General Group Plc now owns 3,600,518 shares of the industrial products company’s stock worth $480,057,000 after acquiring an additional 172,507 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total value of $965,979.00. Following the transaction, the chief executive officer owned 196,292 shares in the company, valued at $26,106,836. The trade was a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EMR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Daiwa Capital Markets boosted their price objective on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. JPMorgan Chase & Co. decreased their target price on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Evercore ISI assumed coverage on shares of Emerson Electric in a research report on Monday, December 15th. They issued an “outperform” rating and a $170.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.06.

Emerson Electric Price Performance

Shares of EMR opened at $135.66 on Friday. The business’s 50-day moving average is $133.08 and its 200-day moving average is $133.97. 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 company has a market capitalization of $76.28 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 2.21 and a beta of 1.26. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

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

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

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a dividend of $0.555 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, November 14th. Emerson Electric’s dividend payout ratio is 54.95%.

About Emerson Electric

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.