Emerson Electric Co. (NYSE:EMR) Stock Holdings Trimmed by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 359,083 shares of the industrial products company’s stock after selling 9,266 shares during the quarter. Emerson Electric comprises approximately 2.2% of Berkshire Asset Management LLC PA’s holdings, making the stock its 11th biggest position. Berkshire Asset Management LLC PA’s holdings in Emerson Electric were worth $46,896,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Haven Private LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $754,000. Ashton Thomas Private Wealth LLC grew its holdings in Emerson Electric by 3.2% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 16,291 shares of the industrial products company’s stock worth $2,019,000 after buying an additional 509 shares in the last quarter. Callan Family Office LLC grew its holdings in Emerson Electric by 147.3% in the 4th quarter. Callan Family Office LLC now owns 8,549 shares of the industrial products company’s stock worth $1,059,000 after buying an additional 5,092 shares in the last quarter. Candriam S.C.A. grew its holdings in Emerson Electric by 8.3% in the 4th quarter. Candriam S.C.A. now owns 1,130,641 shares of the industrial products company’s stock worth $140,120,000 after buying an additional 86,474 shares in the last quarter. Finally, Ethos Financial Group LLC bought a new position in Emerson Electric in the 4th quarter worth approximately $208,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Up 0.3 %

NYSE EMR opened at $116.19 on Friday. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. 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 company has a market capitalization of $65.52 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. The firm’s fifty day simple moving average is $123.78 and its 200-day simple moving average is $118.41.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of research analyst reports. KeyCorp upped their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Barclays upped their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Morgan Stanley increased their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $137.67.

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.