Moloney Securities Asset Management LLC Trims Holdings in Emerson Electric Co. (NYSE:EMR)

Moloney Securities Asset Management LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,623 shares of the industrial products company’s stock after selling 668 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Emerson Electric were worth $1,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brookstone Capital Management boosted its holdings in Emerson Electric by 16.8% in the third quarter. Brookstone Capital Management now owns 11,978 shares of the industrial products company’s stock worth $1,310,000 after purchasing an additional 1,727 shares during the period. CWM LLC raised its stake in Emerson Electric by 4.5% during the third quarter. CWM LLC now owns 17,352 shares of the industrial products company’s stock worth $1,898,000 after acquiring an additional 742 shares during the period. Wedmont Private Capital lifted its holdings in Emerson Electric by 2.0% in the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 99 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Emerson Electric by 343.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,289 shares of the industrial products company’s stock valued at $469,000 after acquiring an additional 3,322 shares during the period. Finally, Guinness Asset Management LTD grew its holdings in shares of Emerson Electric by 4.6% during the third quarter. Guinness Asset Management LTD now owns 1,828,480 shares of the industrial products company’s stock valued at $199,955,000 after purchasing an additional 80,050 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Loop Capital upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Robert W. Baird boosted their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, Morgan Stanley lifted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Trading Down 2.4 %

Shares of NYSE:EMR opened at $124.37 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The firm has a fifty day moving average of $126.51 and a two-hundred day moving average of $116.79. The firm has a market capitalization of $70.83 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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%. On average, equities analysts expect that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business 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. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.70%. Emerson Electric’s payout ratio is currently 50.36%.

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.