Emerson Electric Co. (NYSE:EMR) Shares Sold by Waycross Partners LLC

Waycross Partners LLC decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 146,892 shares of the industrial products company’s stock after selling 23,127 shares during the period. Emerson Electric comprises about 2.4% of Waycross Partners LLC’s investment portfolio, making the stock its 19th biggest holding. Waycross Partners LLC’s holdings in Emerson Electric were worth $18,204,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. KeyCorp increased their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. UBS Group started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Loop Capital raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $123.30 on Tuesday. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. The stock has a market cap of $70.22 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company’s 50-day moving average price is $125.73 and its two-hundred day moving average price is $117.11.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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%. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Emerson Electric Company 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.