Elo Mutual Pension Insurance Co Has $6.48 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Elo Mutual Pension Insurance Co lowered its position in Emerson Electric Co. (NYSE:EMR) by 3.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 52,263 shares of the industrial products company’s stock after selling 2,110 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Emerson Electric were worth $6,477,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in Emerson Electric in the fourth quarter valued at approximately $28,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter worth $35,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. Barclays decreased their target price on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a research report on Wednesday. Morgan Stanley boosted their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target 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. Finally, Loop Capital boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Two investment 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 MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $135.94.

Emerson Electric Stock Performance

EMR opened at $112.09 on Friday. The firm has a market cap of $63.20 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The business’s fifty day moving average is $121.08 and its 200-day moving average is $119.41. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. 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 issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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%. Sell-side analysts expect 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. Stockholders 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 dividend yield of 1.88%. Emerson Electric’s dividend payout ratio (DPR) is currently 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.