Lipe & Dalton Has $5.31 Million Stake in Emerson Electric Co. (NYSE:EMR)

Lipe & Dalton lessened its position in Emerson Electric Co. (NYSE:EMR) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,820 shares of the industrial products company’s stock after selling 215 shares during the period. Emerson Electric makes up about 2.8% of Lipe & Dalton’s investment portfolio, making the stock its 8th biggest holding. Lipe & Dalton’s holdings in Emerson Electric were worth $5,307,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $25,000. Stephens Consulting LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $29,000. Finally, YANKCOM Partnership acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $30,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of several recent research reports. Robert W. Baird increased their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Morgan Stanley raised their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Finally, KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Down 2.3 %

Emerson Electric stock opened at $121.88 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The firm has a 50 day moving average price of $125.08 and a two-hundred day moving average price of $117.51. The firm has a market cap of $68.73 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.48 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Emerson Electric Co. will post 5.96 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. Stockholders 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 dividend yield of 1.73%. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.