Emerson Electric Co. (NYSE:EMR) Shares Sold by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,224 shares of the industrial products company’s stock after selling 2,659 shares during the period. Emerson Electric makes up approximately 1.2% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 22nd largest holding. Hudson Edge Investment Partners Inc.’s holdings in Emerson Electric were worth $6,348,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of EMR. Transcend Capital Advisors LLC lifted its stake in shares of Emerson Electric by 4.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,772 shares of the industrial products company’s stock worth $591,000 after acquiring an additional 198 shares during the period. Bradley Foster & Sargent Inc. CT raised its holdings in Emerson Electric by 0.5% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 33,901 shares of the industrial products company’s stock worth $4,201,000 after purchasing an additional 176 shares in the last quarter. Physicians Financial Services Inc. lifted its position in Emerson Electric by 4.1% in the fourth quarter. Physicians Financial Services Inc. now owns 5,059 shares of the industrial products company’s stock worth $627,000 after purchasing an additional 200 shares during the period. Cassaday & Co Wealth Management LLC increased its position in shares of Emerson Electric by 41.0% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,712 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 789 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth $130,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 2.3 %

Emerson Electric stock opened at $121.88 on Friday. The firm’s 50 day moving average price is $125.08 and its two-hundred day moving average price is $117.51. The firm has a market cap of $68.73 billion, a PE ratio of 29.09, a P/E/G ratio of 2.48 and a beta of 1.34. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

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

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.73%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Ratings Changes

EMR has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. BNP Paribas assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. Morgan Stanley upped their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently 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.