Envestnet Portfolio Solutions Inc. Has $1.90 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Envestnet Portfolio Solutions Inc. lessened its stake in Emerson Electric Co. (NYSE:EMR) by 25.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,366 shares of the industrial products company’s stock after selling 5,250 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Emerson Electric were worth $1,904,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Stephens Consulting LLC acquired a new position in Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the fourth quarter valued at $27,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric in the third quarter valued at $29,000. YANKCOM Partnership acquired a new stake in Emerson Electric in the fourth quarter valued at $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in Emerson Electric in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE:EMR opened at $111.73 on Friday. The firm has a market capitalization of $63.00 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The stock has a fifty day moving average of $121.69 and a 200 day moving average of $118.97. 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 (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) 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, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analysts Set New Price Targets

A number of brokerages have commented on EMR. KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. 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 target for the company. Citigroup started coverage on shares of Emerson Electric in a research report on Monday. They issued a “buy” rating and a $132.00 price objective on the stock. Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.22.

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.