HM Payson & Co. Has $4.57 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

HM Payson & Co. cut its position in Emerson Electric Co. (NYSE:EMR) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,847 shares of the industrial products company’s stock after selling 692 shares during the quarter. HM Payson & Co.’s holdings in Emerson Electric were worth $4,566,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric in the third quarter valued at about $25,000. Stephens Consulting LLC acquired a new stake in Emerson Electric in the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter worth approximately $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the third quarter worth approximately $29,000. Finally, YANKCOM Partnership bought a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $30,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. Barclays raised their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, KeyCorp boosted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $137.67.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $118.66 on Friday. The stock has a market capitalization of $66.91 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 2.49 and a beta of 1.36. The firm’s 50-day moving average price is $123.64 and its two-hundred day moving average price is $118.52. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. 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 EPS 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%. On average, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.78%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

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.