Flossbach Von Storch AG Has $2.10 Million Position in Emerson Electric Co. (NYSE:EMR)

Flossbach Von Storch AG reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 41.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,542 shares of the industrial products company’s stock after selling 15,214 shares during the period. Flossbach Von Storch AG’s holdings in Emerson Electric were worth $2,097,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tobam boosted its position in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares in the last quarter. Resurgent Financial Advisors LLC bought a new position in shares of Emerson Electric during the 4th quarter worth about $32,000. Certified Advisory Corp bought a new position in Emerson Electric in the 1st quarter valued at about $34,000. Tennessee Valley Asset Management Partners bought a new position in Emerson Electric in the 4th quarter valued at about $35,000. Finally, Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the 4th quarter valued at about $39,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EMR. KeyCorp raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Citigroup raised their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Bank of America lifted their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Mizuho lifted their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Barclays lifted their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.47.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Stock Up 0.2 %

Shares of NYSE:EMR traded up $0.23 during trading on Thursday, reaching $110.04. 212,325 shares of the stock traded hands, compared to its average volume of 2,637,595. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The stock has a 50-day moving average of $109.73 and a two-hundred day moving average of $98.61. The stock has a market cap of $62.81 billion, a P/E ratio of 5.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is presently 10.94%.

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.