Levin Capital Strategies L.P. Has $474,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Levin Capital Strategies L.P. cut its stake in Emerson Electric Co. (NYSE:EMR) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,870 shares of the industrial products company’s stock after selling 1,250 shares during the period. Levin Capital Strategies L.P.’s holdings in Emerson Electric were worth $474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EMR. Tobam grew its holdings in 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 acquiring an additional 273 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in shares of Emerson Electric in the 4th quarter valued at $35,000. Morton Brown Family Wealth LLC bought a new position in Emerson Electric during the fourth quarter worth $39,000. MCF Advisors LLC grew its holdings in Emerson Electric by 1,484.6% in the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 386 shares during the period. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of Emerson Electric during the third quarter valued at about $42,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE:EMR traded up $0.22 during mid-day trading on Thursday, hitting $106.67. 1,945,997 shares of the stock traded hands, compared to its average volume of 2,623,152. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The company has a market cap of $60.89 billion, a PE ratio of 5.54, a price-to-earnings-growth ratio of 1.87 and a beta of 1.36. The business’s 50-day moving average price is $110.55 and its 200 day moving average price is $99.56.

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

Emerson Electric Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Mizuho boosted their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. KeyCorp increased their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Citigroup boosted their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada raised their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, UBS Group lifted their price target on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $116.25.

Insider Buying and Selling

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

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.