1900 Wealth Management LLC Sells 300 Shares of Emerson Electric Co. (NYSE:EMR)

1900 Wealth Management LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,966 shares of the industrial products company’s stock after selling 300 shares during the period. 1900 Wealth Management LLC’s holdings in Emerson Electric were worth $244,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Stephens Consulting LLC purchased a new stake in Emerson Electric during the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the fourth quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at $25,000. YANKCOM Partnership acquired a new stake in Emerson Electric in the 4th quarter worth approximately $30,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the third quarter valued at about $29,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Loop Capital boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. KeyCorp upped their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Robert W. Baird upped their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $127.49 on Friday. The stock has a 50 day moving average of $126.78 and a two-hundred day moving average of $116.66. The stock has a market cap of $72.61 billion, a P/E ratio of 37.28, a P/E/G ratio of 2.22 and a beta of 1.34. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data 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 return on equity of 11.73% and a net margin of 11.25%. On average, research analysts forecast that Emerson Electric Co. will post 5.91 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 61.70%.

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.