ProVise Management Group LLC Sells 5,111 Shares of Emerson Electric Co. (NYSE:EMR)

ProVise Management Group LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 56.1% in the 4th quarter, HoldingsChannel reports. The firm owned 3,997 shares of the industrial products company’s stock after selling 5,111 shares during the period. ProVise Management Group LLC’s holdings in Emerson Electric were worth $495,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Stephens Consulting LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $27,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the third quarter worth approximately $29,000. YANKCOM Partnership purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $30,000. Finally, Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $35,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $112.28 on Thursday. The stock has a market cap of $63.31 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.49 and a beta of 1.36. The firm’s 50-day moving average is $121.86 and its 200 day moving average is $119.02. 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 1.17.

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, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Loop Capital lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. KeyCorp lifted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Barclays downgraded shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $135.00 to $110.00 in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $136.22.

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.