Gimbal Financial Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

Gimbal Financial lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 7.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,209 shares of the industrial products company’s stock after selling 165 shares during the period. Gimbal Financial’s holdings in Emerson Electric were worth $274,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric in the 3rd quarter valued at about $25,000. Stephens Consulting LLC purchased a new stake in Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric during the 4th quarter worth approximately $27,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric during the 3rd quarter worth approximately $29,000. Finally, YANKCOM Partnership purchased a new stake in Emerson Electric during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.3 %

NYSE:EMR opened at $125.00 on Wednesday. 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 stock’s fifty day moving average is $125.51 and its two-hundred day moving average is $117.30. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The stock has a market capitalization of $70.49 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 2.46 and a beta of 1.34.

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, topping 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%. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on EMR shares. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Barclays boosted their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. 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 began coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric 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.