Wambolt & Associates LLC Sells 87 Shares of Emerson Electric Co. (NYSE:EMR)

Wambolt & Associates LLC lowered its stake in Emerson Electric Co. (NYSE:EMR) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,324 shares of the industrial products company’s stock after selling 87 shares during the quarter. Wambolt & Associates LLC’s holdings in Emerson Electric were worth $412,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Emerson Electric by 1.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 106,323 shares of the industrial products company’s stock valued at $13,177,000 after buying an additional 1,187 shares during the period. Syverson Strege & Co lifted its position in shares of Emerson Electric by 3.1% in the 4th quarter. Syverson Strege & Co now owns 5,686 shares of the industrial products company’s stock worth $705,000 after purchasing an additional 173 shares during the period. TIAA Trust National Association increased its position in shares of Emerson Electric by 1.1% during the fourth quarter. TIAA Trust National Association now owns 33,846 shares of the industrial products company’s stock worth $4,195,000 after buying an additional 367 shares during the period. Modern Wealth Management LLC bought a new position in Emerson Electric during the fourth quarter worth $479,000. Finally, CoreFirst Bank & Trust acquired a new position in Emerson Electric in the fourth quarter valued at $363,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research reports. Wells Fargo & Company raised their price target 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. JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Barclays downgraded shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $135.00 to $110.00 in a report on Monday, March 10th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Finally, Daiwa Capital Markets started coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.22.

Emerson Electric Stock Up 2.1 %

Shares of NYSE EMR opened at $115.44 on Tuesday. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The business’s fifty day moving average price is $121.53 and its 200-day moving average price is $119.38. The stock has a market capitalization of $65.09 billion, a PE ratio of 27.55, a P/E/G ratio of 2.49 and a beta of 1.36. 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 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%. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.83%. Emerson Electric’s dividend payout ratio (DPR) is 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.