Emerson Electric Co. (NYSE:EMR) Stock Holdings Decreased by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. lessened its position in Emerson Electric Co. (NYSE:EMR) by 1.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,345 shares of the industrial products company’s stock after selling 430 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Emerson Electric were worth $4,628,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the third quarter valued at $25,000. Stephens Consulting LLC purchased a new position in Emerson Electric during the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric in the 4th quarter valued at approximately $27,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter valued at $29,000. Finally, YANKCOM Partnership purchased a new position in shares of Emerson Electric during the 4th quarter valued at $30,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

NYSE:EMR opened at $124.37 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $126.51 and a 200 day moving average price of $116.79. The firm has a market capitalization of $70.83 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Research analysts anticipate that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EMR shares. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. Morgan Stanley boosted their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday. Loop Capital lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Robert W. Baird increased their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

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.