Plancorp LLC Decreases Holdings in Emerson Electric Co. (NYSE:EMR)

Plancorp LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 326,337 shares of the industrial products company’s stock after selling 8,966 shares during the period. Emerson Electric accounts for about 1.7% of Plancorp LLC’s holdings, making the stock its 13th largest holding. Plancorp LLC owned about 0.06% of Emerson Electric worth $40,443,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at about $27,000. YANKCOM Partnership purchased a new stake in shares of Emerson Electric in the 4th quarter valued at about $30,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at about $29,000. Finally, Fiduciary Advisors Inc. purchased a new stake in shares of Emerson Electric in the 4th quarter valued at about $35,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

EMR opened at $112.92 on Friday. The stock has a market cap of $63.67 billion, a P/E ratio of 26.95, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $121.60 and its 200 day simple moving average is $119.02. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results 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, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. KeyCorp boosted their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. Citigroup assumed coverage on Emerson Electric in a research report on Monday, March 17th. They issued a “buy” rating and a $132.00 price target on the stock. Finally, Barclays cut Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $135.00 to $110.00 in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.22.

Emerson Electric Company 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.