Hudson Edge Investment Partners Inc. Trims Position in Emerson Electric Co. (NYSE:EMR)

Hudson Edge Investment Partners Inc. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,224 shares of the industrial products company’s stock after selling 2,659 shares during the quarter. Emerson Electric comprises approximately 1.2% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 22nd biggest position. Hudson Edge Investment Partners Inc.’s holdings in Emerson Electric were worth $6,348,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EMR. Swedbank AB increased its position in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC increased its holdings in shares of Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 180 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Emerson Electric by 2.4% during the third quarter. Sequoia Financial Advisors LLC now owns 17,441 shares of the industrial products company’s stock worth $1,908,000 after buying an additional 403 shares during the period. Private Advisor Group LLC lifted its position in Emerson Electric by 16.6% during the 3rd quarter. Private Advisor Group LLC now owns 66,694 shares of the industrial products company’s stock worth $7,294,000 after acquiring an additional 9,484 shares during the period. Finally, International Assets Investment Management LLC grew its position in Emerson Electric by 14,768.8% in the 3rd quarter. International Assets Investment Management LLC now owns 468,069 shares of the industrial products company’s stock valued at $51,193,000 after buying an additional 464,921 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $121.88 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $125.08 and its two-hundred day moving average price is $117.51. 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 $68.73 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.48 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.73%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. 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 target price on the stock. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. UBS Group assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $136.90.

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.