Motco Sells 623 Shares of Emerson Electric Co. (NYSE:EMR)

Motco decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,914 shares of the industrial products company’s stock after selling 623 shares during the quarter. Motco’s holdings in Emerson Electric were worth $7,425,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Argyle Capital Management LLC raised its stake in shares of Emerson Electric by 1.7% in the 4th quarter. Argyle Capital Management LLC now owns 33,649 shares of the industrial products company’s stock valued at $4,170,000 after purchasing an additional 550 shares during the period. Parkside Financial Bank & Trust lifted its stake in Emerson Electric by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 11,026 shares of the industrial products company’s stock valued at $1,366,000 after acquiring an additional 216 shares during the last quarter. Shoker Investment Counsel Inc. increased its position in Emerson Electric by 1.0% during the fourth quarter. Shoker Investment Counsel Inc. now owns 23,641 shares of the industrial products company’s stock worth $2,930,000 after buying an additional 236 shares during the last quarter. Peloton Wealth Strategists lifted its holdings in Emerson Electric by 0.4% during the 4th quarter. Peloton Wealth Strategists now owns 35,460 shares of the industrial products company’s stock valued at $4,395,000 after purchasing an additional 130 shares during the last quarter. Finally, CORDA Investment Management LLC. bought a new position in Emerson Electric in the 4th quarter valued at about $1,079,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EMR has been the topic of a number of analyst reports. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Loop Capital raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Barclays increased their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Trading Up 0.1 %

EMR opened at $120.03 on Friday. The firm has a market cap of $67.68 billion, a P/E ratio of 28.65, a P/E/G ratio of 2.49 and a beta of 1.34. 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 stock has a 50-day moving average of $124.62 and a 200 day moving average of $117.95. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.76%. The ex-dividend date is Friday, February 14th. 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.