Cerity Partners LLC Has $88.67 Million Stake in Emerson Electric Co. (NYSE:EMR)

Cerity Partners LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 1.5% during the fourth quarter, HoldingsChannel reports. The firm owned 719,747 shares of the industrial products company’s stock after selling 11,127 shares during the quarter. Cerity Partners LLC’s holdings in Emerson Electric were worth $88,671,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Stephens Consulting LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric during the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric in the 4th quarter worth about $28,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric during the fourth quarter worth about $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR stock opened at $94.47 on Monday. 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 firm has a fifty day simple moving average of $118.39 and a two-hundred day simple moving average of $119.85. Emerson Electric Co. has a 12 month low of $90.84 and a 12 month high of $134.85. The firm has a market capitalization of $53.27 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.23%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Jefferies Financial Group initiated coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Citigroup began coverage on Emerson Electric in a research report on Monday, March 17th. They set a “buy” rating and a $132.00 price objective for the company. KeyCorp increased their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, four have given 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 a consensus price target of $135.94.

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.