Ieq Capital LLC Has $2.43 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Ieq Capital LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 33.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,623 shares of the industrial products company’s stock after selling 9,862 shares during the quarter. Ieq Capital LLC’s holdings in Emerson Electric were worth $2,432,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EMR. Cumberland Partners Ltd lifted its position in shares of Emerson Electric by 45.1% during the 4th quarter. Cumberland Partners Ltd now owns 17,200 shares of the industrial products company’s stock valued at $2,132,000 after acquiring an additional 5,350 shares during the period. Parthenon LLC acquired a new stake in Emerson Electric during the 4th quarter worth approximately $200,000. Bryn Mawr Capital Management LLC increased its holdings in Emerson Electric by 78.1% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 25,731 shares of the industrial products company’s stock valued at $3,189,000 after purchasing an additional 11,283 shares during the period. Private Advisor Group LLC raised its position in shares of Emerson Electric by 4.6% during the fourth quarter. Private Advisor Group LLC now owns 69,790 shares of the industrial products company’s stock worth $8,649,000 after acquiring an additional 3,096 shares during the last quarter. Finally, Laidlaw Wealth Management LLC acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $448,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 2.3 %

Emerson Electric stock opened at $121.88 on Monday. The business’s fifty day moving average is $125.08 and its 200 day moving average is $117.70. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The stock has a market capitalization of $68.73 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. 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 (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Analysts Set New Price Targets

EMR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. BNP Paribas began coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Finally, Wells Fargo & Company upped their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, 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.