Augustine Asset Management Inc. Lowers Holdings in Emerson Electric Co. (NYSE:EMR)

Augustine Asset Management Inc. lowered its position in Emerson Electric Co. (NYSE:EMR) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,308 shares of the industrial products company’s stock after selling 217 shares during the quarter. Augustine Asset Management Inc.’s holdings in Emerson Electric were worth $410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the third quarter valued at approximately $25,000. YANKCOM Partnership purchased a new position in Emerson Electric in the 4th quarter worth approximately $30,000. Finally, Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $126.94 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The firm has a market cap of $72.30 billion, a P/E ratio of 30.30, a P/E/G ratio of 2.16 and a beta of 1.34. The business’s 50 day moving average price is $126.37 and its 200-day moving average price is $116.88.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate 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 research analysts anticipate that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Announces Dividend

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 paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Daiwa Capital Markets started coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. One research 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. Based on data from MarketBeat, the stock currently has a consensus 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.