Emerson Electric Co. (NYSE:EMR) Shares Sold by Allied Investment Advisors LLC

Allied Investment Advisors LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,408 shares of the industrial products company’s stock after selling 646 shares during the period. Emerson Electric comprises approximately 2.5% of Allied Investment Advisors LLC’s holdings, making the stock its 13th largest position. Allied Investment Advisors LLC’s holdings in Emerson Electric were worth $12,444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Creative Planning lifted its stake in shares of Emerson Electric by 1.5% in the third quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock valued at $20,201,000 after purchasing an additional 2,768 shares during the period. Swedbank AB increased its holdings in Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Howard Capital Management Group LLC lifted its position in shares of Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 180 shares during the period. Blue Trust Inc. grew its holdings in shares of Emerson Electric by 61.1% in the 3rd quarter. Blue Trust Inc. now owns 6,523 shares of the industrial products company’s stock worth $719,000 after acquiring an additional 2,475 shares during the period. Finally, Cyndeo Wealth Partners LLC increased its stake in Emerson Electric by 4.6% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 4,035 shares of the industrial products company’s stock valued at $441,000 after purchasing an additional 177 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

Emerson Electric stock opened at $125.00 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $70.49 billion, a P/E ratio of 29.83, a PEG ratio of 2.16 and a beta of 1.34. The firm has a fifty day moving average of $125.51 and a 200-day moving average of $117.30. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR) last announced 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 return on equity of 12.08% and a net margin of 13.74%. As a group, analysts predict 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. Shareholders of record on Friday, February 14th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Loop Capital increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Finally, Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $136.90.

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.