Prudent Man Advisors LLC Sells 1,322 Shares of Emerson Electric Co. (NYSE:EMR)

Prudent Man Advisors LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,197 shares of the industrial products company’s stock after selling 1,322 shares during the period. Emerson Electric accounts for approximately 0.6% of Prudent Man Advisors LLC’s portfolio, making the stock its 28th largest holding. Prudent Man Advisors LLC’s holdings in Emerson Electric were worth $1,636,000 at the end of the most recent reporting period.

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

Emerson Electric Stock Performance

NYSE:EMR opened at $121.62 on Friday. The stock’s fifty day moving average is $124.57 and its 200 day moving average is $118.08. The firm has a market capitalization of $68.58 billion, a PE ratio of 29.03, a PEG ratio of 2.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85.

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, 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%. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.73%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Wells Fargo & Company upped their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Barclays upped their target price on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company 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.