Empirical Finance LLC Decreases Position in Emerson Electric Co. (NYSE:EMR)

Empirical Finance LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,650 shares of the industrial products company’s stock after selling 258 shares during the quarter. Empirical Finance LLC’s holdings in Emerson Electric were worth $2,435,000 at the end of the most recent quarter.

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

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $124.37 on Monday. The stock’s fifty day moving average is $126.51 and its 200 day moving average is $116.78. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. The stock has a market cap of $70.83 billion, a P/E ratio of 29.68, a P/E/G ratio of 2.16 and a beta of 1.34.

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, beating 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 5.95 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EMR. BNP Paribas began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. KeyCorp lifted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. UBS Group started coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Loop Capital upped 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. Finally, Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

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.