Plancorp LLC Trims Position in Emerson Electric Co. (NYSE:EMR)

Plancorp LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 326,337 shares of the industrial products company’s stock after selling 8,966 shares during the quarter. Emerson Electric makes up about 1.7% of Plancorp LLC’s investment portfolio, making the stock its 13th biggest position. Plancorp LLC’s holdings in Emerson Electric were worth $40,443,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Stephens Consulting LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth $27,000. YANKCOM Partnership purchased a new position in shares of Emerson Electric during the 4th quarter worth $30,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth $29,000. Finally, Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.0 %

Shares of Emerson Electric stock opened at $112.92 on Friday. The business has a 50-day moving average of $121.60 and a 200-day moving average of $119.02. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a market capitalization of $63.67 billion, a PE ratio of 26.95, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR) last announced its earnings results 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, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.87%. Emerson Electric’s payout ratio is 50.36%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EMR. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Wells Fargo & Company increased their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. KeyCorp increased their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target 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.