Berkshire Asset Management LLC PA Trims Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Berkshire Asset Management LLC PA reduced its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 359,083 shares of the industrial products company's stock after selling 9,266 shares during the quarter. Emerson Electric comprises about 2.2% of Berkshire Asset Management LLC PA's investment portfolio, making the stock its 11th biggest position. Berkshire Asset Management LLC PA owned 0.06% of Emerson Electric worth $46,896,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EMR. Wilmington Savings Fund Society FSB grew its position in shares of Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after buying an additional 30,741 shares during the last quarter. Geode Capital Management LLC grew its position in Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock worth $1,247,570,000 after purchasing an additional 162,985 shares in the last quarter. Larson Financial Group LLC grew its position in Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock valued at $1,044,000 after purchasing an additional 5,393 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after buying an additional 6,321 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new stake in Emerson Electric in the third quarter worth $443,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

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Emerson Electric Stock Performance

NYSE:EMR traded down $4.63 on Monday, hitting $113.98. The stock had a trading volume of 1,720,557 shares, compared to its average volume of 2,854,158. The stock has a market cap of $64.27 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business's 50-day simple moving average is $123.64 and its two-hundred day simple moving average is $118.73. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric's payout ratio is 50.36%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EMR. JPMorgan Chase & Co. dropped 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 started coverage on Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target for the company. Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Wells Fargo & Company lifted their target price on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, StockNews.com upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $136.28.

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.