GLOBALT Investments LLC GA Sells 1,056 Shares of Emerson Electric Co. (NYSE:EMR)

GLOBALT Investments LLC GA decreased its position in Emerson Electric Co. (NYSE:EMR) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,996 shares of the industrial products company’s stock after selling 1,056 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Emerson Electric were worth $8,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Stephens Consulting LLC bought a new position in shares of Emerson Electric during the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the 4th quarter valued at approximately $27,000. YANKCOM Partnership bought a new position in shares of Emerson Electric during the 4th quarter valued at approximately $30,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the 3rd quarter valued at approximately $29,000. Finally, Fiduciary Advisors Inc. bought a new position in shares of Emerson Electric during the 4th quarter valued at approximately $35,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 2.7 %

Emerson Electric stock opened at $112.11 on Monday. The stock has a 50-day moving average of $122.37 and a two-hundred day moving average of $118.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The stock has a market cap of $63.22 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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%. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EMR. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. KeyCorp upped their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $136.28.

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.