Epoch Investment Partners Inc. Cuts Stake in Emerson Electric Co. (NYSE:EMR)

Epoch Investment Partners Inc. reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 16.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 607,412 shares of the industrial products company’s stock after selling 120,633 shares during the period. Epoch Investment Partners Inc. owned about 0.11% of Emerson Electric worth $75,277,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric in the 4th quarter valued at approximately $28,000. YANKCOM Partnership bought a new stake in Emerson Electric during the 4th quarter valued at $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in shares of Emerson Electric during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.9 %

EMR opened at $99.55 on Friday. The firm has a market cap of $56.14 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The stock has a 50-day moving average of $111.55 and a 200 day moving average of $118.95. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. As a group, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.12%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EMR shares. Wells Fargo & Company boosted their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. KeyCorp decreased their price target on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, April 11th. Finally, Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

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.