Moors & Cabot Inc. Sells 472 Shares of Emerson Electric Co. (NYSE:EMR)

Moors & Cabot Inc. reduced its position in Emerson Electric Co. (NYSE:EMR) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,284 shares of the industrial products company’s stock after selling 472 shares during the quarter. Moors & Cabot Inc.’s holdings in Emerson Electric were worth $11,437,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Natural Investments LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $247,000. Avantax Planning Partners Inc. lifted its position in Emerson Electric by 1.5% during the fourth quarter. Avantax Planning Partners Inc. now owns 10,439 shares of the industrial products company’s stock valued at $1,294,000 after purchasing an additional 154 shares during the last quarter. Cushing Capital Partners LLC bought a new stake in Emerson Electric during the fourth quarter valued at approximately $834,000. Inspire Advisors LLC bought a new stake in Emerson Electric during the fourth quarter valued at approximately $752,000. Finally, Donaldson Capital Management LLC lifted its position in Emerson Electric by 2.1% during the fourth quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company’s stock valued at $655,000 after purchasing an additional 107 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EMR has been the subject of several research analyst reports. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. KeyCorp boosted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $136.28.

Emerson Electric Trading Down 1.1 %

EMR opened at $110.62 on Wednesday. The stock has a market cap of $62.38 billion, a PE ratio of 26.40, a PEG ratio of 2.49 and a beta of 1.36. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average of $123.12 and a 200-day moving average of $118.82. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85.

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, beating 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 research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was 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.