Pine Valley Investments Ltd Liability Co Lowers Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Pine Valley Investments Ltd Liability Co trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,849 shares of the industrial products company’s stock after selling 238 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Emerson Electric were worth $973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in EMR. Swedbank AB boosted its position 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 period. Howard Capital Management Group LLC lifted its position in shares of Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 180 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Emerson Electric by 24.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,643 shares of the industrial products company’s stock worth $4,439,000 after purchasing an additional 8,064 shares during the period. Arkadios Wealth Advisors lifted its position in shares of Emerson Electric by 87.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,441 shares of the industrial products company’s stock worth $486,000 after purchasing an additional 2,072 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in shares of Emerson Electric by 4.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 67,951 shares of the industrial products company’s stock worth $7,431,000 after purchasing an additional 2,650 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

EMR stock opened at $119.68 on Wednesday. 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 company has a market capitalization of $67.49 billion, a PE ratio of 28.56, a P/E/G 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. The business’s fifty day moving average price is $124.72 and its 200 day moving average price is $117.93.

Emerson Electric (NYSE:EMR) last issued 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%. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued 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 1.76%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EMR shares. KeyCorp upped their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. Finally, Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average 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.