Envestnet Portfolio Solutions Inc. Trims Stake in Emerson Electric Co. (NYSE:EMR)

Envestnet Portfolio Solutions Inc. decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 25.5% during the fourth quarter, Holdings Channel reports. The fund owned 15,366 shares of the industrial products company’s stock after selling 5,250 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Emerson Electric were worth $1,904,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $27,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $30,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth approximately $29,000. Finally, Fiduciary Advisors Inc. bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.6 %

Shares of Emerson Electric stock opened at $111.73 on Friday. The firm has a market cap of $63.00 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.49 and a beta of 1.36. The business has a 50-day moving average price of $121.69 and a 200-day moving average price of $118.97. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EMR. Loop Capital upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. KeyCorp upped their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.22.

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.