Birch Hill Investment Advisors LLC Has $2.09 Million Holdings in Emerson Electric Co. (EMR)

Birch Hill Investment Advisors LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,888 shares of the industrial products company’s stock after selling 2,000 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Emerson Electric were worth $2,085,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Moody National Bank Trust Division bought a new position in shares of Emerson Electric in the fourth quarter valued at about $27,000. Csenge Advisory Group acquired a new stake in Emerson Electric in the third quarter worth about $28,000. Massey Quick Simon & CO. LLC acquired a new stake in Emerson Electric in the fourth quarter worth about $30,000. Norway Savings Bank increased its position in Emerson Electric by 60.1% in the fourth quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 200 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new stake in Emerson Electric in the fourth quarter worth about $36,000. 71.54% of the stock is owned by institutional investors.

A number of brokerages recently commented on EMR. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, January 8th. Credit Suisse Group lifted their price objective on Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Stephens reiterated a “buy” rating and issued a $68.00 price objective on shares of Emerson Electric in a research report on Sunday, January 6th. Gordon Haskett lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Finally, Berenberg Bank set a $67.00 price objective on Emerson Electric and gave the stock a “hold” rating in a research report on Monday, November 19th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $76.28.

Emerson Electric stock opened at $67.33 on Friday. The stock has a market cap of $41.38 billion, a PE ratio of 19.92, a P/E/G ratio of 2.11 and a beta of 1.24. Emerson Electric Co. has a 1 year low of $55.38 and a 1 year high of $79.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.62.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.21 billion. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. Equities analysts forecast that Emerson Electric Co. will post 3.7 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 15th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, February 14th. This represents a $1.96 annualized dividend and a dividend yield of 2.91%. Emerson Electric’s payout ratio is currently 57.99%.

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Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

Further Reading: Growth Stocks

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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