Kessler Investment Group LLC Decreases Stake in Emerson Electric Co. (NYSE:EMR)

Kessler Investment Group LLC reduced its position in Emerson Electric Co. (NYSE:EMR) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,429 shares of the industrial products company’s stock after selling 501 shares during the period. Kessler Investment Group LLC’s holdings in Emerson Electric were worth $1,292,000 at the end of the most recent quarter.

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

Emerson Electric Stock Down 1.6 %

EMR stock opened at $123.30 on Friday. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. 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 company has a market cap of $70.22 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 2.16 and a beta of 1.34. The company has a 50 day moving average of $125.89 and a two-hundred day moving average of $117.06.

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, 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 anticipate that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is presently 50.36%.

Analyst Ratings Changes

Several research firms recently weighed in on EMR. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. BNP Paribas initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average 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.