Isthmus Partners LLC Sells 1,607 Shares of Emerson Electric Co. (NYSE:EMR)

Isthmus Partners LLC cut its holdings in Emerson Electric Co. (NYSE:EMR) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 112,720 shares of the industrial products company’s stock after selling 1,607 shares during the period. Emerson Electric comprises 1.7% of Isthmus Partners LLC’s holdings, making the stock its 18th largest holding. Isthmus Partners LLC’s holdings in Emerson Electric were worth $13,969,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EMR shares. JPMorgan Chase & Co. cut their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, BNP Paribas started coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $137.67.

Emerson Electric Price Performance

Shares of EMR opened at $118.66 on Monday. The company has a 50 day moving average of $123.64 and a two-hundred day moving average of $118.73. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. 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 $66.91 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data 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%. As a group, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

About Emerson Electric

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.