1620 Investment Advisors Inc. Lowers Stake in Emerson Electric Co. (NYSE:EMR)

1620 Investment Advisors Inc. cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 39.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 937 shares of the industrial products company’s stock after selling 600 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Emerson Electric were worth $116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $27,000. YANKCOM Partnership purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $30,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the third quarter worth about $29,000. Finally, Fiduciary Advisors Inc. purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $35,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 1.0 %

NYSE EMR opened at $112.92 on Friday. The company’s fifty day simple moving average is $121.60 and its 200-day simple moving average is $119.02. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a market cap of $63.67 billion, a P/E ratio of 26.95, a PEG ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 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%. Equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.87%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EMR. Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. KeyCorp boosted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Finally, Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $136.22.

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.