Fi3 FINANCIAL ADVISORS LLC Cuts Position in Emerson Electric Co. (NYSE:EMR)

Fi3 FINANCIAL ADVISORS LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,848 shares of the industrial products company’s stock after selling 170 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Emerson Electric were worth $229,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EMR. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric in the third quarter valued at approximately $29,000. YANKCOM Partnership purchased a new position in Emerson Electric in the fourth quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. purchased a new position in Emerson Electric in the fourth quarter valued at approximately $35,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on EMR shares. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Morgan Stanley increased their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Citigroup began coverage on Emerson Electric in a report on Monday, March 17th. They issued a “buy” rating and a $132.00 price objective for the company. KeyCorp increased their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.22.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $112.92 on Friday. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The stock has a fifty day moving average price of $121.60 and a 200 day moving average price of $119.02. The company has a market cap of $63.67 billion, a PE ratio of 26.95, a P/E/G ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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%. Sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.