L. Roy Papp & Associates LLP Sells 1,110 Shares of Emerson Electric Co. (NYSE:EMR)

L. Roy Papp & Associates LLP reduced its position in Emerson Electric Co. (NYSE:EMR) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,820 shares of the industrial products company’s stock after selling 1,110 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Emerson Electric were worth $7,290,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Stephens Consulting LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the third quarter valued at approximately $25,000. YANKCOM Partnership purchased a new position in Emerson Electric in the 4th quarter worth approximately $30,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at $29,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.1 %

Shares of NYSE:EMR opened at $126.94 on Wednesday. Emerson Electric Co. has a 1 year low of $96.62 and a 1 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 1.40. The stock’s 50-day moving average is $126.37 and its 200 day moving average is $116.88. The company has a market cap of $72.30 billion, a PE ratio of 30.30, a P/E/G ratio of 2.16 and a beta of 1.34.

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%. Sell-side analysts anticipate that Emerson Electric Co. will post 5.95 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 dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Robert W. Baird raised their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. 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. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, Loop Capital upped their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price 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.