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619 hedge funds sold their entire positions in Emerson Electric Co. (EMR)

619 hedge funds sold their entire positions in Emerson Electric Co. (EMR)

619 hedge funds sold their entire positions in Emerson Electric Co. (EMR)

The price to earnings ratio is a often used used by both analysts and investors to help evaluate shares of the company.

20 analysts projected Price Targets for Emerson Electric Co. Bank of America Corp upgraded shares of Emerson Electric Company from an underperform rating to a neutral rating and increased their price target for the company from $45.00 to $60.00 in a research report on Monday, January 9th. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.57 average brokerage recommendation. Zacks Investment Research now has $67.00 target price on the stock.

Investors who are keeping close eye on the stock of General Electric Company (NYSE:GE) established that the company was able to keep return on investment at 2.58 in the trailing twelve month while Reuters data showed that industry's average stands at 3.11 and sector's optimum level is 5.83. The stock hit 1-yearhigh at $83.06 and a low of $71.13 in the same period. Emerson Electric Company has a 52-week low of $48.45 and a 52-week high of $64.37. The firm has a market cap of $263.40 billion, a PE ratio of 33.81 and a beta of 1.20.

NYSE:EMR) was down -0.94% (-$0.57) to $60.31 and showed a volume of 3.56 mln shares.

In the last quarter, General Electric Company reported Annual Earnings of $0.46.

While looking at the Stock's Performance, General Motors Company now shows a Weekly Performance of 1.37%, where Monthly Performance is 3.14%, Quarterly performance is 10.41%, 6 Months performance is 21.97% and yearly performance percentage is 31.37%. Emerson Electric Company had a return on equity of 24.26% and a net margin of 8.50%. According to their predictions High & Low revenue estimates are 27.1 Billion and 25.82 Billion respectively. Equities analysts expect that General Electric Company will post $1.63 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, March 10th. The ex-dividend date was Tuesday, November 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.18%. Emerson Electric Company's payout ratio is 77.73%.

In the transaction dated February 09, 2017, the great number of shares disposed came courtesy the Senior Exec. VP and CFO; DELLAQUILA FRANK J disposed a total of 14,552 shares at an average price of $62.54, amounting to approximately $910,082. The number of shares now owned by investors are 646.45 mln. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Want to see what other hedge funds are holding EDE? Russell Investments Group Ltd. bought a new position in General Electric Company during the fourth quarter valued at approximately $177,435,000. Fisher Asset Management LLC now owns 31,455,841 shares of the company's stock worth $931,722,000 after buying an additional 140,857 shares during the period. The stock is now moving above its 20-Day Simple Moving Average of -0.96% with the 50-Day Simple Moving Average of -0.96 percent.

Emerson Electric Co.'s short ratio is at 2.39 and the float short is at 1.43%. Company's distance from 20 day simple moving average is 0.18% and distance from 50-Day simple moving average is -2.33%. Golub Group LLC raised its stake in Emerson Electric Company by 41.9% in the second quarter. First Pacific Advisors LLC now owns 10,649,460 shares of the company's stock worth $335,245,000 after buying an additional 253,960 shares during the period. Shareholders of record on Thursday, December 1st were issued a dividend of $0.26 per share.

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world.

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