Cerity Partners LLC Sells 11,127 Shares of Emerson Electric Co. (NYSE:EMR)

Cerity Partners LLC lowered its stake in Emerson Electric Co. (NYSE:EMR) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 719,747 shares of the industrial products company’s stock after selling 11,127 shares during the quarter. Cerity Partners LLC owned about 0.13% of Emerson Electric worth $88,671,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EMR. GDS Wealth Management increased its holdings in Emerson Electric by 2.0% during the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 79 shares in the last quarter. Mcdonald Partners LLC raised its position in Emerson Electric by 0.6% in the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock valued at $1,761,000 after buying an additional 81 shares during the last quarter. Berkshire Bank boosted its position in Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock worth $321,000 after acquiring an additional 89 shares during the last quarter. Little House Capital LLC grew its stake in shares of Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock worth $2,108,000 after acquiring an additional 89 shares in the last quarter. Finally, Grove Bank & Trust raised its holdings in shares of Emerson Electric by 5.4% in the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EMR shares. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Wells Fargo & Company raised their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Jefferies Financial Group started coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Finally, Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.94.

Emerson Electric Trading Down 7.3 %

Shares of Emerson Electric stock opened at $94.47 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a 50-day moving average of $118.39 and a 200-day moving average of $119.85. Emerson Electric Co. has a 52-week low of $90.84 and a 52-week high of $134.85. The stock has a market cap of $53.27 billion, a PE ratio of 22.55, a PEG ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.23%. Emerson Electric’s dividend payout ratio is 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.