Wambolt & Associates LLC Sells 87 Shares of Emerson Electric Co. (NYSE:EMR)

Wambolt & Associates LLC reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,324 shares of the industrial products company’s stock after selling 87 shares during the quarter. Wambolt & Associates LLC’s holdings in Emerson Electric were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Emerson Electric by 1.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 106,323 shares of the industrial products company’s stock valued at $13,177,000 after buying an additional 1,187 shares during the period. Syverson Strege & Co raised its stake in Emerson Electric by 3.1% during the 4th quarter. Syverson Strege & Co now owns 5,686 shares of the industrial products company’s stock worth $705,000 after buying an additional 173 shares during the period. TIAA Trust National Association lifted its holdings in Emerson Electric by 1.1% during the fourth quarter. TIAA Trust National Association now owns 33,846 shares of the industrial products company’s stock worth $4,195,000 after acquiring an additional 367 shares in the last quarter. Modern Wealth Management LLC bought a new stake in shares of Emerson Electric in the fourth quarter worth about $479,000. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Emerson Electric during the fourth quarter worth about $363,000. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Citigroup began coverage on shares of Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 price objective on the stock. Morgan Stanley upped their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Barclays lowered Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $135.00 to $110.00 in a report on Monday, March 10th. Finally, Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. Two research 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $136.22.

Emerson Electric Stock Performance

Shares of EMR stock opened at $115.44 on Tuesday. The company has a 50-day simple moving average of $121.53 and a 200 day simple moving average of $119.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The company has a market capitalization of $65.09 billion, a price-to-earnings ratio of 27.55, a PEG 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.

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

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.83%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

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.