Exchange Capital Management Inc. Has $8.07 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Exchange Capital Management Inc. cut its position in Emerson Electric Co. (NYSE:EMR) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 65,119 shares of the industrial products company’s stock after selling 1,575 shares during the quarter. Emerson Electric accounts for 1.3% of Exchange Capital Management Inc.’s portfolio, making the stock its 21st biggest holding. Exchange Capital Management Inc.’s holdings in Emerson Electric were worth $8,070,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB grew its holdings in Emerson Electric by 120.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after buying an additional 30,741 shares in the last quarter. Geode Capital Management LLC boosted its position in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after purchasing an additional 162,985 shares during the period. Larson Financial Group LLC raised its position in shares of Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after purchasing an additional 5,393 shares during the period. GHP Investment Advisors Inc. boosted its holdings in Emerson Electric by 8.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after buying an additional 6,321 shares during the period. Finally, Proactive Wealth Strategies LLC bought a new position in shares of Emerson Electric in the third quarter valued at approximately $443,000. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on EMR shares. Loop Capital increased their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. BNP Paribas initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. Finally, UBS Group started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. One 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Stock Performance

EMR opened at $120.63 on Tuesday. The firm has a market cap of $68.02 billion, a P/E ratio of 28.79, a PEG ratio of 2.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a 50 day simple moving average of $124.89 and a two-hundred day simple moving average of $117.81. 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 quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 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.