RWA Wealth Partners LLC Has $4.09 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

RWA Wealth Partners LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 33,028 shares of the industrial products company’s stock after selling 957 shares during the period. RWA Wealth Partners LLC’s holdings in Emerson Electric were worth $4,093,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the 4th quarter valued at $28,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric in the fourth quarter worth $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in shares of Emerson Electric during the fourth quarter worth $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 3.1 %

Shares of EMR stock opened at $108.56 on Monday. The stock has a 50 day moving average of $120.75 and a 200-day moving average of $119.75. The firm has a market cap of $61.22 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. 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 Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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%. On average, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.94%. Emerson Electric’s dividend payout ratio is 50.36%.

Analyst Ratings Changes

Several research analysts have weighed in on EMR shares. Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Daiwa Capital Markets started coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. KeyCorp increased their price target 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. Finally, Wells Fargo & Company upped their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $135.94.

About Emerson Electric

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.