Rodgers Brothers Inc. Reduces Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Rodgers Brothers Inc. trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 143,596 shares of the industrial products company’s stock after selling 5,124 shares during the period. Emerson Electric accounts for approximately 2.3% of Rodgers Brothers Inc.’s investment portfolio, making the stock its 7th biggest position. Rodgers Brothers Inc.’s holdings in Emerson Electric were worth $17,796,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cannell & Spears LLC lifted its stake in Emerson Electric by 1.3% in the 4th quarter. Cannell & Spears LLC now owns 48,186 shares of the industrial products company’s stock valued at $5,972,000 after purchasing an additional 598 shares during the last quarter. Summit Financial LLC increased its holdings in shares of Emerson Electric by 136.1% during the 4th quarter. Summit Financial LLC now owns 19,094 shares of the industrial products company’s stock worth $2,366,000 after acquiring an additional 11,007 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in Emerson Electric by 208.2% during the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 202 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Emerson Electric by 7.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 108,659 shares of the industrial products company’s stock valued at $13,466,000 after purchasing an additional 7,401 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of Emerson Electric by 9.6% in the fourth quarter. Clearbridge Investments LLC now owns 1,513,435 shares of the industrial products company’s stock valued at $187,560,000 after purchasing an additional 132,894 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Down 3.1 %

Shares of Emerson Electric stock opened at $108.56 on Monday. The firm’s 50 day moving average is $120.75 and its 200 day moving average is $119.75. The firm has a market capitalization of $61.22 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. 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 announced its quarterly earnings results 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%. Equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.94%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research analyst reports. Loop Capital increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Morgan Stanley boosted their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Finally, Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $135.94.

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.