Van Den Berg Management I Inc. trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 189,875 shares of the industrial products company’s stock after selling 10,773 shares during the period. Emerson Electric makes up approximately 1.5% of Van Den Berg Management I Inc.’s holdings, making the stock its 24th largest position. Van Den Berg Management I Inc.’s holdings in Emerson Electric were worth $13,232,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in EMR. Tower Research Capital LLC TRC purchased a new position in Emerson Electric in the 2nd quarter worth approximately $109,000. Intellectus Partners LLC raised its stake in Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after buying an additional 7 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in Emerson Electric during the 2nd quarter valued at $129,000. Cerebellum GP LLC purchased a new stake in Emerson Electric during the 4th quarter valued at $129,000. Finally, Global Trust Asset Management LLC purchased a new stake in Emerson Electric during the 4th quarter valued at $146,000. Hedge funds and other institutional investors own 69.96% of the company’s stock.
Shares of Emerson Electric Co. (NYSE EMR) traded up $2.06 during mid-day trading on Monday, hitting $72.27. 3,063,152 shares of the stock were exchanged, compared to its average volume of 3,610,169. Emerson Electric Co. has a 12-month low of $56.77 and a 12-month high of $74.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.32. The company has a market cap of $45,880.00, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 16th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s payout ratio is 76.38%.
A number of brokerages have weighed in on EMR. JMP Securities lowered shares of Emerson Electric from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $74.45 to $56.77 in a research note on Thursday, February 1st. Robert W. Baird boosted their target price on shares of Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Wells Fargo & Co reiterated a “market perform” rating and set a $73.00 target price (up from $65.00) on shares of Emerson Electric in a research note on Thursday, January 18th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Thursday, February 8th. Finally, Barclays began coverage on shares of Emerson Electric in a research note on Thursday, February 15th. They set an “overweight” rating and a $80.00 target price for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $70.72.
Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.