Sit Investment Associates Inc. Trims Position in Emerson Electric Co. (NYSE:EMR)

Sit Investment Associates Inc. reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 9.9% during the 4th quarter, Holdings Channel reports. The fund owned 97,299 shares of the industrial products company’s stock after selling 10,687 shares during the period. Sit Investment Associates Inc.’s holdings in Emerson Electric were worth $12,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EMR. Stephens Consulting LLC acquired a new stake in Emerson Electric during the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric during the fourth quarter valued at approximately $28,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the 4th quarter worth approximately $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Thursday. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, Barclays reduced their price objective on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $135.94.

Emerson Electric Stock Down 7.3 %

EMR stock opened at $94.47 on Friday. Emerson Electric Co. has a one year low of $92.23 and a one year high of $134.85. 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 market cap of $53.27 billion, a PE ratio of 22.55, a PEG ratio of 2.49 and a beta of 1.36. The firm’s 50 day moving average price is $118.39 and its 200-day moving average price is $119.63.

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 analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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