Alliancebernstein L.P. Has $182.18 Million Position in Emerson Electric Co. (NYSE:EMR)

Alliancebernstein L.P. lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 20.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,933,918 shares of the industrial products company’s stock after selling 500,303 shares during the period. Alliancebernstein L.P. owned about 0.32% of Emerson Electric worth $182,175,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Emerson Electric by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 50,616,504 shares of the industrial products company’s stock valued at $4,871,331,000 after buying an additional 352,930 shares during the period. BlackRock Inc. lifted its stake in shares of Emerson Electric by 1.3% in the 3rd quarter. BlackRock Inc. now owns 38,769,168 shares of the industrial products company’s stock valued at $3,652,054,000 after purchasing an additional 479,213 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Emerson Electric by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 9,414,942 shares of the industrial products company’s stock valued at $903,263,000 after purchasing an additional 306,431 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Emerson Electric by 11.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 8,026,207 shares of the industrial products company’s stock valued at $772,442,000 after purchasing an additional 806,296 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Emerson Electric by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 4,646,233 shares of the industrial products company’s stock valued at $447,154,000 after purchasing an additional 115,481 shares during the last quarter. 72.54% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on EMR shares. Wells Fargo & Company initiated coverage on shares of Emerson Electric in a research note on Thursday, October 7th. They issued an “equal weight” rating and a $99.00 price objective for the company. Mizuho initiated coverage on shares of Emerson Electric in a report on Thursday, December 16th. They issued a “neutral” rating and a $100.00 target price on the stock. Barclays lifted their target price on shares of Emerson Electric from $98.00 to $99.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 4th. Credit Suisse Group dropped their target price on shares of Emerson Electric from $107.00 to $106.00 and set an “outperform” rating on the stock in a report on Thursday, November 4th. Finally, Morgan Stanley dropped their target price on shares of Emerson Electric from $106.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, October 7th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $103.65.

NYSE EMR opened at $97.47 on Friday. The stock has a market cap of $57.98 billion, a P/E ratio of 25.52, a PEG ratio of 2.28 and a beta of 1.52. The company’s 50-day simple moving average is $93.44 and its 200 day simple moving average is $96.87. Emerson Electric Co. has a twelve month low of $78.33 and a twelve month high of $105.99. The company has a quick ratio of 1.02, a current ratio of 1.35 and a debt-to-equity ratio of 0.58.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, November 3rd. The industrial products company reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.03. The business had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Emerson Electric had a net margin of 12.63% and a return on equity of 26.45%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Research analysts anticipate that Emerson Electric Co. will post 4.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 10th. Shareholders of record on Friday, November 12th were given a $0.515 dividend. The ex-dividend date was Wednesday, November 10th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 2.11%. Emerson Electric’s payout ratio is 53.93%.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company, which provides innovative solutions for customers in industrial, commercial and residential markets. It operates through the following business segments: Automation Solutions, Climate Technologies, and Tools and Home Products. The Automation Solutions segment offers products, integrated solutions, software and services which enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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