Edge Capital Group LLC Reduces Position in Emerson Electric Co. (NYSE:EMR)

Edge Capital Group LLC lowered its stake in Emerson Electric Co. (NYSE:EMR) by 81.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 570 shares of the industrial products company’s stock after selling 2,571 shares during the period. Edge Capital Group LLC’s holdings in Emerson Electric were worth $71,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EMR. Capital Performance Advisors LLP acquired a new stake in Emerson Electric during the 3rd quarter worth about $25,000. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth about $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the 3rd quarter worth approximately $29,000. Finally, YANKCOM Partnership purchased a new position in Emerson Electric during the 4th quarter worth approximately $30,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $120.63 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The business has a 50 day simple moving average of $124.89 and a two-hundred day simple moving average of $117.81. The stock has a market capitalization of $68.02 billion, a P/E ratio of 28.79, a PEG ratio of 2.49 and a beta of 1.34. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. As a group, analysts predict that Emerson Electric Co. will post 5.96 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 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 yield of 1.75%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EMR shares. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. BNP Paribas initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. KeyCorp boosted 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. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, 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 report on Monday, December 2nd. One research 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 company. Based on data from MarketBeat, the stock currently 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.