Harbour Trust & Investment Management Co Sells 563 Shares of Emerson Electric Co. (NYSE:EMR)

Harbour Trust & Investment Management Co trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,167 shares of the industrial products company’s stock after selling 563 shares during the period. Harbour Trust & Investment Management Co’s holdings in Emerson Electric were worth $2,995,000 as of its most recent filing with the Securities and Exchange Commission.

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

Emerson Electric Trading Down 2.4 %

Shares of EMR opened at $124.37 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The firm’s 50-day moving average price is $126.51 and its 200-day moving average price is $116.78. The firm has a market capitalization of $70.83 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.16 and a beta of 1.34.

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

Emerson Electric Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EMR shares. Morgan Stanley lifted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday. UBS Group started coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. KeyCorp raised their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Wells Fargo & Company upped their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.90.

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.