Beese Fulmer Investment Management Inc. Has $3.06 Million Stake in Emerson Electric Co. (NYSE:EMR)

Beese Fulmer Investment Management Inc. cut its holdings in Emerson Electric Co. (NYSE:EMR) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,665 shares of the industrial products company’s stock after selling 136 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Emerson Electric were worth $3,057,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Keystone Financial Group Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter worth $82,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Emerson Electric by 8.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 65,749 shares of the industrial products company’s stock valued at $8,148,000 after acquiring an additional 5,157 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Emerson Electric by 50.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,153,085 shares of the industrial products company’s stock valued at $266,832,000 after acquiring an additional 718,781 shares during the period. Spectrum Asset Management Inc. NB CA grew its holdings in Emerson Electric by 0.5% during the fourth quarter. Spectrum Asset Management Inc. NB CA now owns 28,968 shares of the industrial products company’s stock valued at $3,590,000 after purchasing an additional 153 shares during the period. Finally, Strategic Financial Concepts LLC bought a new stake in Emerson Electric in the fourth quarter valued at approximately $2,169,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Up 2.2 %

EMR opened at $127.49 on Friday. The stock has a market cap of $72.61 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a fifty day moving average of $126.78 and a 200-day moving average of $116.66.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. On average, sell-side analysts predict that Emerson Electric Co. will post 5.91 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 issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.65%. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EMR. UBS Group started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. Barclays raised their price target on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. KeyCorp increased their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Finally, Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

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.