ProVise Management Group LLC Has $495,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

ProVise Management Group LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 56.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,997 shares of the industrial products company’s stock after selling 5,111 shares during the quarter. ProVise Management Group LLC’s holdings in Emerson Electric were worth $495,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $27,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at $29,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric in the 4th quarter valued at $30,000. Finally, Fiduciary Advisors Inc. bought a new stake in shares of Emerson Electric in the 4th quarter valued at $35,000. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Barclays lowered shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $135.00 to $110.00 in a research note on Monday, March 10th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Finally, Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.22.

Emerson Electric Stock Performance

NYSE EMR opened at $112.28 on Thursday. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a 50-day simple moving average of $121.86 and a 200 day simple moving average of $119.02. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The company has a market capitalization of $63.31 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.88%. Emerson Electric’s payout ratio is 50.36%.

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.