Mathes Company Inc. Trims Position in Emerson Electric Co. (NYSE:EMR)

Mathes Company Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,795 shares of the industrial products company’s stock after selling 1,150 shares during the quarter. Mathes Company Inc.’s holdings in Emerson Electric were worth $2,825,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the third quarter worth about $25,000. Stephens Consulting LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth about $27,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the third quarter worth about $29,000. Finally, YANKCOM Partnership purchased a new position in shares of Emerson Electric during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $123.30 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market cap of $70.22 billion, a PE ratio of 29.43, a P/E/G ratio of 2.16 and a beta of 1.34. The business has a 50 day moving average of $125.73 and a 200 day moving average of $117.11. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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 research analysts forecast that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EMR. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. One equities research 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’s stock. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

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.