Emerson Electric Co. (NYSE:EMR) Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 212,058 shares of the industrial products company’s stock after selling 2,960 shares during the period. Modera Wealth Management LLC’s holdings in Emerson Electric were worth $26,280,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EMR. Swedbank AB grew its stake in Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC grew its stake in Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after buying an additional 180 shares during the last quarter. Focus Financial Network Inc. grew its stake in shares of Emerson Electric by 3.6% in the 3rd quarter. Focus Financial Network Inc. now owns 3,733 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 128 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Emerson Electric by 0.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock valued at $2,016,000 after purchasing an additional 97 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC grew its stake in shares of Emerson Electric by 3.6% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 5,068 shares of the industrial products company’s stock valued at $554,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on EMR. Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. Loop Capital lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Barclays lifted their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Stock Performance

Shares of EMR stock opened at $121.62 on Friday. 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 Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The stock has a fifty day moving average price of $124.57 and a 200 day moving average price of $118.18. The stock has a market cap of $68.58 billion, a PE ratio of 29.03, a P/E/G ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last announced its 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%. Sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.5275 per share. 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 (DPR) is currently 50.36%.

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.