J.W. Cole Advisors Inc. Has $828,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

J.W. Cole Advisors Inc. cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,682 shares of the industrial products company’s stock after selling 207 shares during the period. J.W. Cole Advisors Inc.’s holdings in Emerson Electric were worth $828,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $25,000. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric in the fourth quarter worth $27,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the third quarter valued at $29,000. Finally, YANKCOM Partnership purchased a new stake in Emerson Electric in the 4th quarter worth about $30,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.3 %

Emerson Electric stock opened at $125.00 on Wednesday. The firm has a market cap of $70.49 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 2.16 and a beta of 1.34. The firm has a fifty day moving average price of $125.59 and a two-hundred day moving average price of $117.18. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week 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 1.40.

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 return on equity of 12.08% and a net margin of 13.74%. As a group, analysts forecast that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. UBS Group started 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. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

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.