Tortoise Investment Management LLC Sells 327 Shares of Emerson Electric Co. (NYSE:EMR)

Tortoise Investment Management LLC decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 8.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,616 shares of the industrial products company’s stock after selling 327 shares during the period. Tortoise Investment Management LLC’s holdings in Emerson Electric were worth $448,000 as of its most recent filing with the SEC.

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

Emerson Electric Price Performance

EMR stock opened at $111.73 on Tuesday. The company has a 50 day simple moving average of $123.39 and a 200 day simple moving average of $118.78. The stock has a market cap of $63.00 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data 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 net margin of 13.74% and a return on equity of 12.08%. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent research reports. UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective for the company. KeyCorp boosted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. cut their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, BNP Paribas began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $136.28.

Emerson Electric 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.