Principle Wealth Partners LLC Sells 309 Shares of Emerson Electric Co. (NYSE:EMR)

Principle Wealth Partners LLC lessened its position in Emerson Electric Co. (NYSE:EMR) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,041 shares of the industrial products company’s stock after selling 309 shares during the period. Principle Wealth Partners LLC’s holdings in Emerson Electric were worth $4,343,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the third quarter valued at approximately $25,000. Stephens Consulting LLC bought a new stake in Emerson Electric in the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter worth $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter worth about $29,000. Finally, YANKCOM Partnership bought a new stake in shares of Emerson Electric during the 4th quarter valued at about $30,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 1.9 %

Shares of Emerson Electric stock opened at $126.71 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a market cap of $72.17 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company’s 50 day moving average is $126.51 and its 200 day moving average is $116.80.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.67%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Barclays lifted their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Robert W. Baird raised their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. KeyCorp upped their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target 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.