Lipe & Dalton Has $5.31 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Lipe & Dalton lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,820 shares of the industrial products company’s stock after selling 215 shares during the quarter. Emerson Electric accounts for approximately 2.8% of Lipe & Dalton’s portfolio, making the stock its 8th largest position. Lipe & Dalton’s holdings in Emerson Electric were worth $5,307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the third quarter worth approximately $25,000. YANKCOM Partnership bought a new position in shares of Emerson Electric in the fourth quarter worth approximately $30,000. Finally, Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the third quarter worth approximately $29,000. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on EMR. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. BNP Paribas started coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. Loop Capital raised their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird boosted their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One research 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Stock Performance

Shares of EMR stock opened at $121.88 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average of $125.08 and a two-hundred day moving average of $117.51. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a market cap of $68.73 billion, a P/E ratio of 29.09, a PEG ratio of 2.48 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last issued 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, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 yield of 1.73%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Emerson Electric 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.