Summitry LLC Has $6.38 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Summitry LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 16.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 51,510 shares of the industrial products company’s stock after selling 10,459 shares during the period. Summitry LLC’s holdings in Emerson Electric were worth $6,384,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EMR. Stephens Consulting LLC acquired a new position in Emerson Electric in the 4th quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Emerson Electric during the fourth quarter worth about $28,000. YANKCOM Partnership acquired a new stake in Emerson Electric in the 4th quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. bought a new stake in Emerson Electric in the 4th quarter valued at approximately $35,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.1 %

EMR opened at $115.21 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The stock has a fifty day moving average of $121.44 and a 200-day moving average of $119.50. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a market capitalization of $64.97 billion, a P/E ratio of 27.50, a P/E/G ratio of 2.49 and a beta of 1.36.

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%. On average, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. Barclays lowered Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $135.00 to $110.00 in a report on Monday, March 10th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. dropped their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus 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.