Summitry LLC Has $6.38 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Summitry LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,510 shares of the industrial products company’s stock after selling 10,459 shares during the quarter. Summitry LLC’s holdings in Emerson Electric were worth $6,384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC bought a new position in Emerson Electric in the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric in the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Emerson Electric during the 4th quarter worth $28,000. YANKCOM Partnership acquired a new position in Emerson Electric in the 4th quarter worth about $30,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric in the fourth quarter valued at about $35,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR stock opened at $115.21 on Wednesday. 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’s 50-day moving average is $121.44 and its 200-day moving average is $119.50. The stock has a market capitalization of $64.97 billion, a PE ratio of 27.50, a price-to-earnings-growth 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 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%. Equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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 1.83%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. KeyCorp upped their price objective on 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 set an “outperform” rating and a $147.00 price target for the company. Barclays cut shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $135.00 to $110.00 in a research note on Monday, March 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Finally, Loop Capital increased their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.22.

Emerson Electric 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.