Altrius Capital Management Inc Cuts Stake in Emerson Electric Co. (NYSE:EMR)

Altrius Capital Management Inc lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 23.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,636 shares of the industrial products company’s stock after selling 10,247 shares during the quarter. Altrius Capital Management Inc’s holdings in Emerson Electric were worth $4,169,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on EMR shares. Morgan Stanley raised their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. 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 price target for the company. Jefferies Financial Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. Finally, UBS Group started coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Trading Up 0.1 %

Shares of Emerson Electric stock opened at $120.03 on Friday. The firm has a market cap of $67.68 billion, a PE ratio of 28.65, a P/E/G ratio of 2.49 and a beta of 1.34. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The business’s fifty day moving average is $124.62 and its two-hundred day moving average is $117.95.

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, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.76%. Emerson Electric’s dividend payout ratio is currently 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.