Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $354,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,856 shares of the industrial products company’s stock after selling 98 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Emerson Electric were worth $354,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC boosted its stake in shares of Emerson Electric by 3.2% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 16,291 shares of the industrial products company’s stock worth $2,019,000 after acquiring an additional 509 shares during the period. Callan Family Office LLC boosted its stake in Emerson Electric by 147.3% in the 4th quarter. Callan Family Office LLC now owns 8,549 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 5,092 shares during the period. Candriam S.C.A. boosted its stake in Emerson Electric by 8.3% in the 4th quarter. Candriam S.C.A. now owns 1,130,641 shares of the industrial products company’s stock valued at $140,120,000 after purchasing an additional 86,474 shares during the period. Ethos Financial Group LLC bought a new stake in Emerson Electric in the 4th quarter valued at $208,000. Finally, Inceptionr LLC bought a new stake in Emerson Electric in the 4th quarter valued at $529,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $118.66 on Friday. The stock has a fifty day simple moving average of $123.64 and a two-hundred day simple moving average of $118.63. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The firm has a market cap of $66.91 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted 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%. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 1.78%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EMR shares. Wells Fargo & Company boosted their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Morgan Stanley boosted their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Finally, Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $137.67.

About Emerson Electric

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.