Kimelman & Baird LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,893 shares of the industrial products company’s stock after selling 200 shares during the quarter. Emerson Electric comprises approximately 1.4% of Kimelman & Baird LLC’s investment portfolio, making the stock its 29th biggest holding. Kimelman & Baird LLC’s holdings in Emerson Electric were worth $9,076,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Csenge Advisory Group acquired a new stake in shares of Emerson Electric in the third quarter valued at approximately $28,000. Moody National Bank Trust Division acquired a new position in shares of Emerson Electric during the fourth quarter valued at approximately $27,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at approximately $30,000. Norway Savings Bank increased its stake in shares of Emerson Electric by 60.1% during the fourth quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 200 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at approximately $36,000. Institutional investors own 72.63% of the company’s stock.

NYSE:EMR traded down $0.05 during trading hours on Monday, reaching $66.81. 717,617 shares of the company’s stock were exchanged, compared to its average volume of 3,502,174. The stock has a market capitalization of $41.09 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 2.09 and a beta of 1.24. Emerson Electric Co. has a 12 month low of $55.38 and a 12 month high of $79.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 0.88.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business posted $0.61 EPS. The company’s revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts expect that Emerson Electric Co. will post 3.7 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 15th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Thursday, February 14th. Emerson Electric’s dividend payout ratio is 57.99%.

A number of research analysts recently commented on the stock. Credit Suisse Group raised their price objective on shares of Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Morgan Stanley set a $77.00 price objective on shares of Emerson Electric and gave the company a “buy” rating in a research note on Friday, February 8th. Cowen reiterated a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a research note on Tuesday, February 5th. Gordon Haskett lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, December 12th. Finally, Citigroup upgraded shares of Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 price objective on the stock in a research note on Monday, January 14th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $76.28.

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About Emerson Electric

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.

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

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