Stockman Wealth Management Inc. Has $907,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Stockman Wealth Management Inc. decreased its stake in Emerson Electric Co. (NYSE:EMR) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,316 shares of the industrial products company’s stock after selling 265 shares during the period. Stockman Wealth Management Inc.’s holdings in Emerson Electric were worth $907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its stake in Emerson Electric by 120.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after buying an additional 30,741 shares in the last quarter. Geode Capital Management LLC boosted its stake in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Emerson Electric by 130.0% in the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after purchasing an additional 5,393 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Emerson Electric by 82.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock valued at $435,000 after purchasing an additional 1,792 shares in the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at $443,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on EMR. BNP Paribas began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Price Performance

EMR stock opened at $124.37 on Friday. The stock has a 50-day moving average price of $126.51 and a two-hundred day moving average price of $116.79. The stock has a market cap of $70.83 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last released its 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 return on equity of 12.08% and a net margin of 13.74%. Equities analysts forecast that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

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.