Kimelman & Baird LLC Lowers Stock Position in Emerson Electric Co. (NYSE:EMR)

Kimelman & Baird LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,585 shares of the industrial products company's stock after selling 11,100 shares during the quarter. Kimelman & Baird LLC's holdings in Emerson Electric were worth $13,333,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cibc World Markets Corp increased its holdings in Emerson Electric by 15.9% in the 4th quarter. Cibc World Markets Corp now owns 90,065 shares of the industrial products company's stock worth $11,162,000 after purchasing an additional 12,324 shares in the last quarter. SlateStone Wealth LLC raised its holdings in Emerson Electric by 2.4% in the 4th quarter. SlateStone Wealth LLC now owns 11,210 shares of the industrial products company's stock valued at $1,389,000 after buying an additional 265 shares during the last quarter. GWN Securities Inc. acquired a new stake in Emerson Electric during the 4th quarter worth approximately $470,000. Glenview Trust co grew its holdings in Emerson Electric by 1.2% during the 4th quarter. Glenview Trust co now owns 219,983 shares of the industrial products company's stock worth $27,262,000 after acquiring an additional 2,516 shares during the last quarter. Finally, Sovereign Investment Advisors LLC acquired a new position in Emerson Electric in the 4th quarter valued at approximately $363,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on EMR. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. KeyCorp upped their price target on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Wells Fargo & Company upped their target price on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Barclays lowered shares of Emerson Electric from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $135.00 to $110.00 in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $136.22.

Remove Ads

Emerson Electric Stock Up 1.0 %

NYSE:EMR traded up $1.12 on Friday, hitting $112.92. The stock had a trading volume of 9,228,719 shares, compared to its average volume of 2,658,329. The company has a market cap of $63.67 billion, a PE ratio of 26.95, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The business's fifty day moving average is $121.69 and its 200 day moving average is $118.97. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.87%. Emerson Electric's payout ratio is 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.