Hilltop Partners LLC Sells 1,121 Shares of Emerson Electric Co. (NYSE:EMR)

Hilltop Partners LLC lowered its stake in Emerson Electric Co. (NYSE:EMR) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,523 shares of the industrial products company’s stock after selling 1,121 shares during the period. Hilltop Partners LLC’s holdings in Emerson Electric were worth $932,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Swedbank AB boosted its stake in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares during the period. Howard Capital Management Group LLC boosted its position in Emerson Electric by 10.6% during 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 buying an additional 180 shares during the period. Mutual Advisors LLC grew its holdings in Emerson Electric by 0.8% in the 3rd quarter. Mutual Advisors LLC now owns 29,641 shares of the industrial products company’s stock worth $3,209,000 after acquiring an additional 245 shares during the last quarter. Golden State Equity Partners purchased a new position in shares of Emerson Electric in the third quarter valued at about $487,000. Finally, First Trust Direct Indexing L.P. raised its stake in shares of Emerson Electric by 14.6% during the third quarter. First Trust Direct Indexing L.P. now owns 22,707 shares of the industrial products company’s stock valued at $2,483,000 after acquiring an additional 2,890 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EMR. BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Trading Up 0.1 %

Emerson Electric stock opened at $120.03 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 current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $124.62 and its two-hundred day simple moving average is $117.95. The company has a market capitalization of $67.68 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 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%. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 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 given a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.76%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

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.