Gladstone Institutional Advisory LLC Has $606,000 Stake in Emerson Electric Co. (NYSE:EMR)

Gladstone Institutional Advisory LLC reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,887 shares of the industrial products company’s stock after selling 181 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Emerson Electric were worth $606,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EMR. Capital Performance Advisors LLP bought a new stake in Emerson Electric in the third quarter worth approximately $25,000. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter valued at $27,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the third quarter worth $29,000. Finally, YANKCOM Partnership bought a new stake in Emerson Electric in the fourth quarter valued at $30,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

NYSE EMR opened at $123.30 on Friday. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The firm has a market cap of $70.22 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $125.89 and its 200-day moving average is $117.06.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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 predict that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Barclays raised their target price on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. KeyCorp boosted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Daiwa Capital Markets assumed coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. UBS Group started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Finally, Daiwa America raised 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 issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.90.

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.