Harrington Investments INC Has $2.48 Million Position in Emerson Electric Co. (NYSE:EMR)

Harrington Investments INC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,981 shares of the industrial products company’s stock after selling 136 shares during the quarter. Emerson Electric comprises approximately 1.4% of Harrington Investments INC’s investment portfolio, making the stock its 25th biggest holding. Harrington Investments INC’s holdings in Emerson Electric were worth $2,476,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EMR. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth about $27,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $30,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric during the 3rd quarter worth approximately $29,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric in the fourth quarter valued at approximately $35,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $112.11 on Friday. 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 stock has a market cap of $63.22 billion, a P/E ratio of 26.76, a PEG ratio of 2.49 and a beta of 1.36. The stock has a 50 day simple moving average of $122.37 and a 200 day simple moving average of $118.75. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR) last posted 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%. Research 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 was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Analysts Set New Price Targets

Several research firms recently commented on EMR. Loop Capital upped their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Morgan Stanley increased their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.28.

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.