Hoey Investments Inc. Trims Position in Emerson Electric Co. (NYSE:EMR)

Hoey Investments Inc. trimmed its position in Emerson Electric Co. (NYSE:EMR) by 27.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,858 shares of the industrial products company’s stock after selling 4,063 shares during the quarter. Emerson Electric makes up approximately 0.2% of Hoey Investments Inc.’s portfolio, making the stock its 22nd biggest holding. Hoey Investments Inc.’s holdings in Emerson Electric were worth $1,346,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EMR. GDS Wealth Management grew its position in shares of Emerson Electric by 2.0% during the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock valued at $491,000 after purchasing an additional 79 shares in the last quarter. Mcdonald Partners LLC boosted its stake in Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock valued at $1,761,000 after buying an additional 81 shares during the period. Berkshire Bank increased its stake in Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock worth $321,000 after acquiring an additional 89 shares during the last quarter. Little House Capital LLC raised its holdings in shares of Emerson Electric by 0.5% in the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock valued at $2,108,000 after acquiring an additional 89 shares in the last quarter. Finally, Grove Bank & Trust boosted its position in shares of Emerson Electric by 5.4% during the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent analyst reports. KeyCorp raised their target price 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. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Barclays cut their price objective on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a report on Wednesday, March 26th. Finally, Daiwa Capital Markets initiated coverage on Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.94.

Emerson Electric Trading Down 3.1 %

Shares of EMR opened at $108.56 on Monday. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $120.75 and its 200-day moving average price is $119.75. The firm has a market capitalization of $61.22 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 2.49 and a beta of 1.36.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.94%. 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.