Abbot Financial Management Inc. Trims Position in Emerson Electric Co. (NYSE:EMR)

Abbot Financial Management Inc. reduced its stake in Emerson Electric Co. (NYSE:EMR) by 2.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 17,943 shares of the industrial products company’s stock after selling 366 shares during the quarter. Emerson Electric makes up 1.1% of Abbot Financial Management Inc.’s investment portfolio, making the stock its 24th biggest position. Abbot Financial Management Inc.’s holdings in Emerson Electric were worth $2,224,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research firms have commented on EMR. JPMorgan Chase & Co. decreased 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 report on Wednesday, January 15th. Wells Fargo & Company increased their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. Daiwa Capital Markets initiated coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Finally, KeyCorp lifted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.26.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $113.87 on Wednesday. The firm has a market cap of $64.21 billion, a PE ratio of 27.18, a P/E/G ratio of 2.49 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 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 $124.19 and a 200 day moving average price of $118.45.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.85%. 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.