Manchester Capital Management LLC Sells 135 Shares of Emerson Electric Co. (NYSE:EMR)

Manchester Capital Management LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,183 shares of the industrial products company’s stock after selling 135 shares during the quarter. Manchester Capital Management LLC’s holdings in Emerson Electric were worth $1,014,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Creative Planning increased its stake in Emerson Electric by 1.5% in the 3rd quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock valued at $20,201,000 after buying an additional 2,768 shares during the last quarter. Swedbank AB increased its stake in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the last quarter. B.O.S.S. Retirement Advisors LLC increased its stake in Emerson Electric by 3.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 9,922 shares of the industrial products company’s stock valued at $1,085,000 after buying an additional 371 shares during the last quarter. Buffington Mohr McNeal acquired a new position in shares of Emerson Electric during the 3rd quarter worth about $221,000. Finally, Teamwork Financial Advisors LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth about $3,275,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

EMR opened at $123.30 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a market cap of $70.22 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 2.16 and a beta of 1.34. The company’s fifty day moving average price is $125.89 and its two-hundred day moving average price is $117.06.

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, beating analysts’ consensus estimates 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, analysts expect that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company 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 of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analysts Set New Price Targets

EMR has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. UBS Group assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target on the stock. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. BNP Paribas started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Finally, KeyCorp increased their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

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.