Emerson Electric Co. (NYSE:EMR) Shares Sold by Mill Capital Management LLC

Mill Capital Management LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,832 shares of the industrial products company’s stock after selling 245 shares during the period. Mill Capital Management LLC’s holdings in Emerson Electric were worth $1,714,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EMR. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $30,000. Fiduciary Advisors Inc. acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $35,000. Finally, BankPlus Trust Department acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $40,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.0 %

EMR stock opened at $112.92 on Monday. The company has a fifty day moving average price of $121.60 and a 200 day moving average price of $119.27. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a market cap of $63.67 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth 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 (NYSE:EMR) last released its quarterly earnings results 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 net margin of 13.74% and a return on equity of 12.08%. Sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid 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 dividend yield of 1.87%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EMR. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target for the company. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Finally, Loop Capital lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.22.

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.