Emerson Electric Co. (NYSE:EMR) Stake Trimmed by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,488 shares of the industrial products company’s stock after selling 765 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Emerson Electric were worth $2,291,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management grew its stake in Emerson Electric by 16.8% in the third quarter. Brookstone Capital Management now owns 11,978 shares of the industrial products company’s stock valued at $1,310,000 after purchasing an additional 1,727 shares in the last quarter. CWM LLC lifted its stake in Emerson Electric by 4.5% in the third quarter. CWM LLC now owns 17,352 shares of the industrial products company’s stock valued at $1,898,000 after acquiring an additional 742 shares during the last quarter. Wedmont Private Capital grew its position in Emerson Electric by 2.0% in the third quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 99 shares in the last quarter. LifePro Asset Management lifted its stake in shares of Emerson Electric by 20.5% in the 3rd quarter. LifePro Asset Management now owns 3,822 shares of the industrial products company’s stock valued at $418,000 after purchasing an additional 650 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth about $1,321,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EMR. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research note on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Stock Down 2.4 %

Shares of NYSE:EMR opened at $124.37 on Friday. The company has a 50 day moving average of $126.68 and a 200-day moving average of $116.74. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The stock has a market cap of $70.83 billion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 2.22 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric (NYSE:EMR) last posted 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 return on equity of 11.73% and a net margin of 11.25%. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.91 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.70%. Emerson Electric’s dividend payout ratio is 61.70%.

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.