Atria Investments Inc Decreases Stake in Emerson Electric Co. (NYSE:EMR)

Atria Investments Inc cut its holdings in Emerson Electric Co. (NYSE:EMR) by 17.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 44,053 shares of the industrial products company’s stock after selling 9,417 shares during the quarter. Atria Investments Inc’s holdings in Emerson Electric were worth $5,460,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the third quarter valued at approximately $25,000. Stephens Consulting LLC acquired a new position in Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the fourth quarter worth $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the third quarter worth $29,000. Finally, YANKCOM Partnership acquired a new position in Emerson Electric during the fourth quarter worth $30,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EMR has been the subject of several research reports. Loop Capital lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.67.

Emerson Electric Stock Performance

NYSE EMR opened at $116.19 on Friday. The business’s 50-day moving average price is $123.78 and its 200 day moving average price is $118.41. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a market capitalization of $65.52 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is currently 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.