Kimelman & Baird LLC Sells 11,100 Shares of Emerson Electric Co. (NYSE:EMR)

Kimelman & Baird LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 9.4% during the fourth quarter, Holdings Channel reports. The fund owned 107,585 shares of the industrial products company’s stock after selling 11,100 shares during the period. Kimelman & Baird LLC’s holdings in Emerson Electric were worth $13,333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EMR. Swedbank AB grew its holdings in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring an additional 1,424,800 shares during the period. Howard Capital Management Group LLC grew its holdings in shares of Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 180 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Emerson Electric by 13.3% during the 3rd quarter. Victory Capital Management Inc. now owns 288,443 shares of the industrial products company’s stock worth $31,547,000 after acquiring an additional 33,908 shares during the period. OneDigital Investment Advisors LLC grew its holdings in shares of Emerson Electric by 12.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 25,014 shares of the industrial products company’s stock worth $2,736,000 after acquiring an additional 2,784 shares during the period. Finally, CIBC Asset Management Inc boosted its position in shares of Emerson Electric by 9.4% in the 3rd quarter. CIBC Asset Management Inc now owns 118,294 shares of the industrial products company’s stock worth $12,938,000 after purchasing an additional 10,164 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE EMR opened at $112.11 on Monday. The business’s fifty day moving average price is $122.37 and its 200-day moving average price is $118.96. The stock has a market capitalization of $63.22 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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%. On average, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EMR. Barclays cut Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $135.00 to $110.00 in a research report on Monday, March 10th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Finally, Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.28.

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.