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

AIMZ Investment Advisors LLC lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 14,302 shares of the industrial products company’s stock after selling 98 shares during the quarter. AIMZ Investment Advisors LLC’s holdings in Emerson Electric were worth $1,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Peloton Wealth Strategists grew its holdings in shares of Emerson Electric by 0.4% during the fourth quarter. Peloton Wealth Strategists now owns 35,460 shares of the industrial products company’s stock worth $4,395,000 after buying an additional 130 shares during the last quarter. CORDA Investment Management LLC. purchased a new position in shares of Emerson Electric in the 4th quarter valued at approximately $1,079,000. Linscomb Wealth Inc. raised its stake in shares of Emerson Electric by 1.0% during the fourth quarter. Linscomb Wealth Inc. now owns 35,358 shares of the industrial products company’s stock worth $4,382,000 after purchasing an additional 339 shares during the last quarter. QRG Capital Management Inc. grew its position in Emerson Electric by 1.2% in the 4th quarter. QRG Capital Management Inc. now owns 159,407 shares of the industrial products company’s stock valued at $19,755,000 after buying an additional 1,864 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Emerson Electric in the 4th quarter worth $36,113,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on EMR. Robert W. Baird increased 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. BNP Paribas started coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Morgan Stanley lifted their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Finally, KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Price Performance

EMR stock opened at $120.03 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The company has a market cap of $67.68 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. The stock has a 50-day moving average price of $124.62 and a two-hundred day moving average price of $117.95.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 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, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.76%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) 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.