Emerson Electric Co. (NYSE:EMR) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its position in Emerson Electric Co. (NYSE:EMR) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 614,443 shares of the industrial products company’s stock after selling 9,625 shares during the period. Commonwealth Equity Services LLC’s holdings in Emerson Electric were worth $76,148,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Stephens Consulting LLC acquired a new position in Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $27,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric during the third quarter worth about $29,000. YANKCOM Partnership acquired a new stake in Emerson Electric in the 4th quarter worth about $30,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $109.17 on Friday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a market capitalization of $61.56 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. 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 firm has a fifty day simple moving average of $122.60 and a 200-day simple moving average of $118.70.

Emerson Electric (NYSE:EMR) last announced its 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 return on equity of 12.08% and a net margin of 13.74%. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Daiwa Capital Markets initiated coverage on Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday. Finally, Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.28.

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.