Truepoint Inc. Trims Stake in Emerson Electric Co. (NYSE:EMR)

Truepoint Inc. trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 46.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 29,054 shares of the industrial products company’s stock after selling 24,851 shares during the quarter. Truepoint Inc.’s holdings in Emerson Electric were worth $3,601,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EMR. Wilmington Savings Fund Society FSB lifted its holdings in Emerson Electric by 120.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after purchasing an additional 30,741 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after buying an additional 162,985 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after buying an additional 5,393 shares during the period. GHP Investment Advisors Inc. grew its stake in Emerson Electric by 8.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after acquiring an additional 6,321 shares during the period. Finally, Howland Capital Management LLC raised its holdings in Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock valued at $3,283,000 after acquiring an additional 3,054 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Citigroup started coverage on Emerson Electric in a research report on Monday. They issued a “buy” rating and a $132.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. Barclays lowered shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $135.00 to $110.00 in a report on Monday, March 10th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Jefferies Financial Group assumed coverage on shares of Emerson Electric in a 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 given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $136.22.

Emerson Electric Stock Performance

Emerson Electric stock opened at $111.73 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm’s fifty day moving average price is $121.69 and its 200 day moving average price is $118.97. The company has a market capitalization of $63.00 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results 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, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, February 14th. Emerson Electric’s 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.