WBH Advisory Inc. reduced its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,451 shares of the industrial products company’s stock after selling 154 shares during the period. WBH Advisory Inc.’s holdings in Emerson Electric were worth $676,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in EMR. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric during the third quarter worth $25,000. Stephens Consulting LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the third quarter worth $29,000. Finally, YANKCOM Partnership acquired a new position in shares of Emerson Electric during the fourth quarter worth $30,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Price Performance
EMR stock opened at $123.30 on Tuesday. The stock has a market capitalization of $70.22 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company’s 50-day moving average is $125.73 and its 200-day moving average is $117.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85.
Emerson Electric Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. Emerson Electric’s payout ratio is currently 50.36%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. BNP Paribas started coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. Robert W. Baird increased their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Loop Capital increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $136.90.
Check Out Our Latest Report on EMR
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.
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