Augustine Asset Management Inc. Lowers Stock Position in Emerson Electric Co. (NYSE:EMR)

Augustine Asset Management Inc. cut its holdings in Emerson Electric Co. (NYSE:EMR) by 6.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,308 shares of the industrial products company’s stock after selling 217 shares during the quarter. Augustine Asset Management Inc.’s holdings in Emerson Electric were worth $410,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric during the third quarter valued at approximately $25,000. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric in the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric during the fourth quarter valued at $27,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric in the third quarter worth $29,000. Finally, YANKCOM Partnership purchased a new stake in shares of Emerson Electric in the fourth quarter worth $30,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EMR has been the topic of a number of analyst reports. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Loop Capital upped their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Robert W. Baird raised their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Barclays upped their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $126.94 on Wednesday. The stock has a market cap of $72.30 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The firm has a fifty day moving average price of $126.37 and a 200-day moving average price of $116.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40.

Emerson Electric (NYSE:EMR) last released its 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 analysts anticipate that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, February 14th. 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.