Emerson Electric Co. (NYSE:EMR) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 31,748 shares of the industrial products company’s stock after selling 443 shares during the period. Ingalls & Snyder LLC’s holdings in Emerson Electric were worth $3,935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EMR. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric in the 3rd quarter worth approximately $25,000. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $27,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth approximately $29,000. Finally, YANKCOM Partnership bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $30,000. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EMR. Loop Capital boosted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Price Performance

NYSE EMR opened at $124.45 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $126.24 and a 200 day simple moving average of $116.95. The company has a market cap of $70.88 billion, a P/E ratio of 29.70, a P/E/G ratio of 2.16 and a beta of 1.34. 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 earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) 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.