Mattern Capital Management LLC Trims Holdings in Emerson Electric Co. (NYSE:EMR)

Mattern Capital Management LLC reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,558 shares of the industrial products company’s stock after selling 4,874 shares during the quarter. Emerson Electric accounts for about 1.3% of Mattern Capital Management LLC’s investment portfolio, making the stock its 24th largest holding. Mattern Capital Management LLC’s holdings in Emerson Electric were worth $9,736,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in Emerson Electric during the third quarter worth $25,000. Stephens Consulting LLC bought a new position in Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric during the fourth quarter worth $27,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the third quarter worth $29,000. Finally, YANKCOM Partnership bought a new position in Emerson Electric during the fourth quarter worth $30,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EMR has been the topic of several analyst reports. Loop Capital increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. 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. Jefferies Financial Group initiated 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. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, UBS Group initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Trading Up 0.3 %

NYSE:EMR opened at $124.74 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The stock’s 50-day moving average is $125.25 and its two-hundred day moving average is $117.40. The stock has a market cap of $70.34 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 2.50 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released 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 research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. Emerson Electric’s payout ratio is 50.36%.

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.