Waycross Partners LLC Reduces Stake in Emerson Electric Co. (NYSE:EMR)

Waycross Partners LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 146,892 shares of the industrial products company's stock after selling 23,127 shares during the period. Emerson Electric makes up about 2.4% of Waycross Partners LLC's investment portfolio, making the stock its 19th largest holding. Waycross Partners LLC's holdings in Emerson Electric were worth $18,204,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB boosted its stake in shares of Emerson Electric by 120.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock worth $6,162,000 after buying an additional 30,741 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Emerson Electric by 1.4% in 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 buying an additional 162,985 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Emerson Electric by 130.0% in the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock worth $1,044,000 after buying an additional 5,393 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Emerson Electric by 8.3% in the 4th 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 purchased a new position in shares of Emerson Electric in the 3rd quarter worth $443,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada restated an "outperform" rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. BNP Paribas started coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 target price on the stock. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Robert W. Baird raised their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. One 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 assigned a strong buy rating to the company's stock. According to MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.90.

Emerson Electric Price Performance

Shares of EMR stock traded down $2.87 during trading hours on Friday, hitting $121.88. The stock had a trading volume of 2,334,273 shares, compared to its average volume of 2,856,196. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The stock's 50-day moving average price is $125.08 and its two-hundred day moving average price is $117.51. The stock has a market capitalization of $68.73 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.48 and a beta of 1.34.

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%. Equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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 $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.73%. Emerson Electric's dividend payout ratio is currently 50.36%.

Emerson Electric 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.