Morningstar Investment Management LLC Has $1.12 Million Position in Emerson Electric Co. (NYSE:EMR)

Morningstar Investment Management LLC lessened its position in Emerson Electric Co. (NYSE:EMR) by 10.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,055 shares of the industrial products company’s stock after selling 1,050 shares during the period. Morningstar Investment Management LLC’s holdings in Emerson Electric were worth $1,122,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the third quarter worth approximately $25,000. Stephens Consulting LLC bought a new stake in Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter valued at $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the third quarter worth $29,000. Finally, YANKCOM Partnership bought a new stake in shares of Emerson Electric during the fourth quarter worth $30,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.4 %

EMR stock opened at $124.47 on Thursday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a market cap of $70.19 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 2.46 and a beta of 1.34. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $125.38 and a two-hundred day moving average price of $117.35.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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 paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.70%. Emerson Electric’s dividend payout ratio is 50.36%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EMR. Wells Fargo & Company upped their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. UBS Group started coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Finally, Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric 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.