Boston Financial Mangement LLC Has $2.62 Million Stake in Emerson Electric Co. (NYSE:EMR)

Boston Financial Mangement LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 21,150 shares of the industrial products company’s stock after selling 319 shares during the quarter. Boston Financial Mangement LLC’s holdings in Emerson Electric were worth $2,621,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in EMR. Capital Performance Advisors LLP acquired a new stake in Emerson Electric during the third quarter worth approximately $25,000. Stephens Consulting LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth $27,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the third quarter worth $29,000. Finally, YANKCOM Partnership acquired a new position in Emerson Electric in the fourth quarter valued at about $30,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. decreased 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. Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Trading Down 0.4 %

Shares of EMR stock opened at $124.47 on Thursday. The stock has a market cap of $70.19 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.46 and a beta of 1.34. The stock has a 50-day moving average of $125.38 and a 200-day moving average of $117.35. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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%. On average, equities research analysts forecast that Emerson Electric Co. will post 5.96 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. Shareholders of record on Friday, February 14th will be given 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 1.70%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

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.