Strategy Asset Managers LLC Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

Strategy Asset Managers LLC lowered its stake in Emerson Electric Co. (NYSE:EMR) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,371 shares of the industrial products company’s stock after selling 218 shares during the quarter. Emerson Electric makes up 2.1% of Strategy Asset Managers LLC’s investment portfolio, making the stock its 9th largest position. Strategy Asset Managers LLC’s holdings in Emerson Electric were worth $10,952,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB increased its holdings in Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after acquiring an additional 30,741 shares during the period. Geode Capital Management LLC boosted its position in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares during the last quarter. Stokes Family Office LLC increased its position in shares of Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock worth $1,141,000 after purchasing an additional 4,480 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock valued at $10,187,000 after purchasing an additional 6,321 shares in the last quarter. Finally, Howland Capital Management LLC grew its stake in Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock worth $3,283,000 after buying an additional 3,054 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on EMR shares. Citigroup initiated coverage on shares of Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 price objective for the company. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $135.94.

Emerson Electric Price Performance

EMR opened at $108.56 on Friday. The stock’s 50 day moving average price is $120.75 and its 200-day moving average price is $119.47. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The stock has a market capitalization of $61.22 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

About Emerson Electric

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.