RWA Wealth Partners LLC Reduces Stock Position in Emerson Electric Co. (NYSE:EMR)

RWA Wealth Partners LLC reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,028 shares of the industrial products company’s stock after selling 957 shares during the quarter. RWA Wealth Partners LLC’s holdings in Emerson Electric were worth $4,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EMR. Schroder Investment Management Group raised its stake in Emerson Electric by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company’s stock valued at $542,379,000 after buying an additional 171,946 shares in the last quarter. Allianz SE bought a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $10,808,000. Transamerica Financial Advisors Inc. raised its position in shares of Emerson Electric by 101.3% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 1,194 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 601 shares in the last quarter. WealthTrak Capital Management LLC bought a new position in Emerson Electric during the fourth quarter worth $39,000. Finally, Allstate Corp acquired a new position in Emerson Electric in the fourth quarter worth $2,098,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on EMR. Barclays decreased their price target on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a report on Wednesday, March 26th. Jefferies Financial Group began coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Loop Capital raised their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Royal Bank of Canada restated an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $135.94.

Emerson Electric Trading Down 3.1 %

Shares of EMR stock opened at $108.56 on Monday. The stock has a 50-day simple moving average of $120.75 and a 200 day simple moving average of $119.75. The stock has a market capitalization of $61.22 billion, a P/E ratio of 25.91, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Emerson Electric Company 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.