Essex LLC Reduces Holdings in Emerson Electric Co. (NYSE:EMR)

Essex LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,983 shares of the industrial products company’s stock after selling 2,252 shares during the period. Essex LLC’s holdings in Emerson Electric were worth $3,468,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric in the 3rd quarter worth approximately $25,000. Stephens Consulting LLC bought a new stake in Emerson Electric in the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter worth $27,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the 3rd quarter valued at about $29,000. Finally, YANKCOM Partnership purchased a new position in shares of Emerson Electric during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $124.37 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. The stock has a 50-day simple moving average of $126.51 and a two-hundred day simple moving average of $116.79. The firm has a market capitalization of $70.83 billion, a PE ratio of 29.68, a P/E/G ratio of 2.16 and a beta of 1.34. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results 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%. Analysts forecast that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EMR. UBS Group started coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Barclays upped their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.90.

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.