Global Retirement Partners LLC Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

Global Retirement Partners LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,645 shares of the industrial products company’s stock after selling 4,224 shares during the period. Global Retirement Partners LLC’s holdings in Emerson Electric were worth $1,567,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of EMR. Plan Group Financial LLC boosted its position in Emerson Electric by 5.0% during the 4th quarter. Plan Group Financial LLC now owns 3,048 shares of the industrial products company’s stock valued at $378,000 after acquiring an additional 145 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at approximately $549,000. Bank of Jackson Hole Trust bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $663,000. Callahan Advisors LLC purchased a new stake in Emerson Electric in the fourth quarter worth $521,000. Finally, Mcdonald Partners LLC raised its holdings in Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.3 %

Shares of Emerson Electric stock opened at $124.74 on Friday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. 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 company’s 50 day moving average is $125.25 and its 200 day moving average is $117.40. The company has a market cap of $70.34 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 2.50 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 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%. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm 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 annualized dividend and a dividend 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%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EMR shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Morgan Stanley lifted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Loop Capital lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company 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.