Mairs & Power INC trimmed its position in Emerson Electric Co. (NYSE:EMR) by 2.7% during the fourth quarter, HoldingsChannel reports. The firm owned 442,564 shares of the industrial products company’s stock after selling 12,058 shares during the quarter. Mairs & Power INC’s holdings in Emerson Electric were worth $26,443,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Moody National Bank Trust Division bought a new stake in Emerson Electric during the fourth quarter worth about $27,000. Csenge Advisory Group bought a new stake in Emerson Electric during the third quarter worth about $28,000. Massey Quick Simon & CO. LLC bought a new stake in Emerson Electric during the fourth quarter worth about $30,000. Norway Savings Bank raised its holdings in Emerson Electric by 60.1% during the fourth quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in Emerson Electric during the fourth quarter worth about $36,000. Institutional investors own 71.54% of the company’s stock.

NYSE:EMR opened at $67.33 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 0.88. The company has a market capitalization of $41.38 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 2.11 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.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.08. The firm had revenue of $4.15 billion for 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 business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. Equities research analysts predict that Emerson Electric Co. will post 3.7 EPS for the current fiscal year.

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

Several analysts recently issued reports on the company. ValuEngine lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. Robert W. Baird set a $70.00 target price on Emerson Electric and gave the stock a “hold” rating in a report on Monday, December 17th. Stephens assumed coverage on Emerson Electric in a report on Monday, November 19th. They set an “overweight” rating and a $80.00 target price on the stock. Berenberg Bank set a $67.00 target price on Emerson Electric and gave the stock a “hold” rating in a report on Monday, November 19th. Finally, Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $76.28.

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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.

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

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