Dover Advisors LLC Trims Holdings in Emerson Electric Co. (NYSE:EMR)

Dover Advisors LLC cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,635 shares of the industrial products company’s stock after selling 208 shares during the quarter. Dover Advisors LLC’s holdings in Emerson Electric were worth $1,070,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its holdings in shares of Emerson Electric by 120.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after purchasing an additional 30,741 shares during the last quarter. Geode Capital Management LLC lifted its position in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares during the period. Larson Financial Group LLC grew its holdings in Emerson Electric by 130.0% in the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after buying an additional 5,393 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock valued at $10,187,000 after acquiring an additional 6,321 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in shares of Emerson Electric in the third quarter worth approximately $443,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 2.3 %

Shares of Emerson Electric stock opened at $121.88 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The business has a 50-day moving average of $125.08 and a 200-day moving average of $117.70. The company has a market capitalization of $68.73 billion, a PE ratio of 29.09, a P/E/G ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last posted 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 return on equity of 12.08% and a net margin of 13.74%. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft boosted their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group began coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. Finally, Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $136.90.

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.