Empirical Finance LLC Sells 258 Shares of Emerson Electric Co. (NYSE:EMR)

Empirical Finance LLC lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,650 shares of the industrial products company’s stock after selling 258 shares during the quarter. Empirical Finance LLC’s holdings in Emerson Electric were worth $2,435,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GDS Wealth Management raised its stake in Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock valued at $491,000 after purchasing an additional 79 shares during the last quarter. Berkshire Bank grew its position in shares of Emerson Electric by 3.6% in the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock valued at $321,000 after purchasing an additional 89 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of Emerson Electric by 5.4% in the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 90 shares during the last quarter. Silver Lake Advisory LLC boosted its stake in Emerson Electric by 0.4% during the fourth quarter. Silver Lake Advisory LLC now owns 24,249 shares of the industrial products company’s stock worth $3,005,000 after buying an additional 90 shares during the last quarter. Finally, Sargent Investment Group LLC increased its stake in shares of Emerson Electric by 0.5% in the 4th quarter. Sargent Investment Group LLC now owns 16,986 shares of the industrial products company’s stock worth $2,012,000 after acquiring an additional 90 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 2.4 %

Emerson Electric stock opened at $124.37 on Monday. The stock has a 50-day simple moving average of $126.51 and a 200-day simple moving average of $116.78. The company has a market capitalization of $70.83 billion, a P/E ratio of 29.68, a PEG ratio of 2.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) 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%. Equities research analysts expect that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Ratings Changes

EMR has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Daiwa Capital Markets started coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

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.