Mill Capital Management LLC Cuts Position in Emerson Electric Co. (NYSE:EMR)

Mill Capital Management LLC trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,832 shares of the industrial products company’s stock after selling 245 shares during the period. Mill Capital Management LLC’s holdings in Emerson Electric were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in EMR. Stephens Consulting LLC acquired a new stake in Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $27,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $30,000. Fiduciary Advisors Inc. acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $35,000. Finally, BankPlus Trust Department acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $40,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 1.0 %

EMR opened at $112.92 on Monday. The firm has a market capitalization 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 firm’s 50 day moving average is $121.60 and its 200-day moving average is $119.27. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. Finally, Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.22.

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.