SlateStone Wealth LLC Raises Position in Emerson Electric Co. (NYSE:EMR)

SlateStone Wealth LLC grew its position in Emerson Electric Co. (NYSE:EMR) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,210 shares of the industrial products company’s stock after acquiring an additional 265 shares during the period. SlateStone Wealth LLC’s holdings in Emerson Electric were worth $1,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $27,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $30,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at about $29,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Emerson Electric stock opened at $112.11 on Monday. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The firm has a 50 day moving average price of $122.37 and a 200 day moving average price of $118.96. The company has a market cap of $63.22 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.49 and a beta of 1.36. 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 (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.88%. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of research reports. KeyCorp lifted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Barclays cut shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $135.00 to $110.00 in a research report on Monday, March 10th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $136.28.

Emerson Electric 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.