Mitchell Sinkler & Starr PA Sells 2,035 Shares of Emerson Electric Co. (NYSE:EMR)

Mitchell Sinkler & Starr PA trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 83,869 shares of the industrial products company’s stock after selling 2,035 shares during the period. Emerson Electric makes up approximately 2.8% of Mitchell Sinkler & Starr PA’s holdings, making the stock its 7th biggest holding. Mitchell Sinkler & Starr PA’s holdings in Emerson Electric were worth $10,394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the 4th 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 purchased a new position in Emerson Electric in the fourth quarter valued at approximately $28,000. YANKCOM Partnership acquired a new position in Emerson Electric during the fourth quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on EMR shares. JPMorgan Chase & Co. cut their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Barclays cut their price objective on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a research report on Wednesday. Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Citigroup began coverage on Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 target price on the stock. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.94.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $108.56 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm’s 50-day simple moving average is $120.75 and its 200-day simple moving average is $119.47. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The firm has a market cap of $61.22 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last posted its earnings results 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%. Equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given 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 1.94%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

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.