Emerson Electric Co. (NYSE:EMR) Position Reduced by HM Payson & Co.

HM Payson & Co. reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,847 shares of the industrial products company’s stock after selling 692 shares during the quarter. HM Payson & Co.’s holdings in Emerson Electric were worth $4,566,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. AMF Tjanstepension AB grew its holdings in Emerson Electric by 774.0% during the fourth quarter. AMF Tjanstepension AB now owns 959,812 shares of the industrial products company’s stock worth $118,958,000 after acquiring an additional 849,992 shares during the period. Camden National Bank boosted its position in shares of Emerson Electric by 58.8% during the 4th quarter. Camden National Bank now owns 3,699 shares of the industrial products company’s stock valued at $458,000 after purchasing an additional 1,370 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Emerson Electric by 11.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 744,549 shares of the industrial products company’s stock worth $98,226,000 after purchasing an additional 75,349 shares during the last quarter. RKL Wealth Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $576,000. Finally, Oak Hill Wealth Advisors LLC boosted its holdings in Emerson Electric by 204.3% during the fourth quarter. Oak Hill Wealth Advisors LLC now owns 5,463 shares of the industrial products company’s stock worth $677,000 after buying an additional 10,701 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on EMR. JPMorgan Chase & Co. dropped their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Morgan Stanley upped their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Finally, KeyCorp lifted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

Emerson Electric Stock Performance

Shares of EMR stock opened at $118.66 on Friday. The firm has a market cap of $66.91 billion, a P/E ratio of 28.32, a PEG ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The stock’s 50-day moving average is $123.64 and its two-hundred day moving average is $118.52.

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

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, February 14th. Emerson Electric’s payout ratio 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.