Emerson Electric Co. (NYSE:EMR) Shares Sold by Signaturefd LLC

Signaturefd LLC reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,680 shares of the industrial products company’s stock after selling 885 shares during the period. Signaturefd LLC’s holdings in Emerson Electric were worth $1,448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $27,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $30,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the third quarter valued at about $29,000. Finally, Fiduciary Advisors Inc. acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 1.6 %

Shares of NYSE:EMR opened at $111.77 on Wednesday. The company has a market capitalization of $63.02 billion, a PE ratio of 26.67, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The firm has a 50 day simple moving average of $122.03 and a 200-day simple moving average of $119.07.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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 analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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

Analysts Set New Price Targets

EMR has been the subject of a number of research reports. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Citigroup started coverage on shares of Emerson Electric in a report on Monday. They issued a “buy” rating and a $132.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.22.

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.