Emerson Electric Co. (NYSE:EMR) is Mitchell Sinkler & Starr PA’s 7th Largest Position

Mitchell Sinkler & Starr PA decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,869 shares of the industrial products company’s stock after selling 2,035 shares during the quarter. Emerson Electric makes up about 2.8% of Mitchell Sinkler & Starr PA’s holdings, making the stock its 7th largest position. Mitchell Sinkler & Starr PA’s holdings in Emerson Electric were worth $10,394,000 at the end of the most recent reporting period.

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

Emerson Electric Stock Down 3.1 %

Shares of NYSE:EMR opened at $108.56 on Friday. The company has a market capitalization of $61.22 billion, a P/E ratio of 25.91, a P/E/G ratio of 2.49 and a beta of 1.36. The stock’s fifty day simple moving average is $120.75 and its 200-day simple moving average is $119.47. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.94%. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Ratings Changes

Several brokerages have weighed in on EMR. Loop Capital lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company lifted 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. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. Morgan Stanley lifted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Finally, Citigroup started coverage on shares of Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $135.94.

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.