Beta Wealth Group Inc. Sells 601 Shares of Emerson Electric Co. (NYSE:EMR)

Beta Wealth Group Inc. lessened its stake in Emerson Electric Co. (NYSE:EMR) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,608 shares of the industrial products company’s stock after selling 601 shares during the quarter. Beta Wealth Group Inc.’s holdings in Emerson Electric were worth $571,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC raised its holdings in shares of Emerson Electric by 34.2% during the fourth quarter. Venturi Wealth Management LLC now owns 5,409 shares of the industrial products company’s stock worth $670,000 after acquiring an additional 1,378 shares during the period. Empower Advisory Group LLC boosted its holdings in shares of Emerson Electric by 15.8% in the 4th quarter. Empower Advisory Group LLC now owns 7,786 shares of the industrial products company’s stock valued at $965,000 after buying an additional 1,065 shares during the last quarter. Pittenger & Anderson Inc. increased its holdings in Emerson Electric by 0.3% during the fourth quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company’s stock worth $4,466,000 after buying an additional 95 shares during the last quarter. Highview Capital Management LLC DE acquired a new position in shares of Emerson Electric during the 4th quarter worth about $775,000. Finally, Catalyst Capital Advisors LLC raised its stake in Emerson Electric by 83.3% in the fourth quarter. Catalyst Capital Advisors LLC now owns 726 shares of the industrial products company’s stock valued at $90,000 after buying an additional 330 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays upped their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. dropped their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. KeyCorp upped their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Trading Down 1.6 %

NYSE EMR opened at $123.30 on Tuesday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The business’s fifty day moving average is $125.73 and its 200 day moving average is $117.11. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market cap of $70.22 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date 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 50.36%.

About Emerson Electric

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.