Emerson Electric Co. (NYSE:EMR) Shares Sold by Allied Investment Advisors LLC

Allied Investment Advisors LLC cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 100,408 shares of the industrial products company’s stock after selling 646 shares during the quarter. Emerson Electric makes up approximately 2.5% of Allied Investment Advisors LLC’s portfolio, making the stock its 13th biggest holding. Allied Investment Advisors LLC’s holdings in Emerson Electric were worth $12,444,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Creative Planning raised its holdings in Emerson Electric by 1.5% in the third quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock valued at $20,201,000 after acquiring an additional 2,768 shares in the last quarter. Swedbank AB increased its position in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC raised its stake in shares of Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 180 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Emerson Electric by 61.1% during the third quarter. Blue Trust Inc. now owns 6,523 shares of the industrial products company’s stock worth $719,000 after purchasing an additional 2,475 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC grew its stake in Emerson Electric by 4.6% in the third quarter. Cyndeo Wealth Partners LLC now owns 4,035 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 177 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the topic of several research reports. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. UBS Group began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Barclays increased their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Stock Performance

Shares of EMR opened at $125.00 on Wednesday. The firm has a market capitalization of $70.49 billion, a PE ratio of 29.83, a P/E/G ratio of 2.16 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $125.51 and a 200 day moving average price of $117.30. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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, sell-side analysts anticipate that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders 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 dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 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.