Arcadia Investment Management Corp MI Sells 500 Shares of Emerson Electric Co. (NYSE:EMR)

Arcadia Investment Management Corp MI lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 50.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 500 shares of the industrial products company’s stock after selling 500 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Emerson Electric were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the 3rd quarter worth about $25,000. Stephens Consulting LLC bought a new position in Emerson Electric in the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $27,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the third quarter valued at approximately $29,000. Finally, YANKCOM Partnership bought a new position in Emerson Electric in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 2.3 %

Shares of Emerson Electric stock opened at $121.88 on Friday. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The firm’s 50 day simple moving average is $125.08 and its two-hundred day simple moving average is $117.51. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $68.73 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.48 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last issued 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 return on equity of 12.08% and a net margin of 13.74%. Analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.73%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EMR shares. KeyCorp lifted their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Morgan Stanley upped their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Barclays boosted their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company boosted their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given 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 company presently has an average rating of “Moderate Buy” and a consensus price target 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.