Horizon Kinetics Asset Management LLC Has $2.93 Million Position in Emerson Electric Co. (NYSE:EMR)

Horizon Kinetics Asset Management LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,662 shares of the industrial products company’s stock after selling 635 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Emerson Electric were worth $2,932,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EMR. Cibc World Markets Corp grew its holdings in Emerson Electric by 15.9% during the fourth quarter. Cibc World Markets Corp now owns 90,065 shares of the industrial products company’s stock valued at $11,162,000 after purchasing an additional 12,324 shares during the last quarter. SlateStone Wealth LLC grew its holdings in Emerson Electric by 2.4% during the fourth quarter. SlateStone Wealth LLC now owns 11,210 shares of the industrial products company’s stock valued at $1,389,000 after purchasing an additional 265 shares during the last quarter. GWN Securities Inc. acquired a new position in Emerson Electric during the fourth quarter valued at approximately $470,000. Glenview Trust co grew its holdings in Emerson Electric by 1.2% during the fourth quarter. Glenview Trust co now owns 219,983 shares of the industrial products company’s stock valued at $27,262,000 after purchasing an additional 2,516 shares during the last quarter. Finally, Sovereign Investment Advisors LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $363,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 2.7 %

Shares of NYSE EMR opened at $112.11 on Monday. The stock has a market cap of $63.22 billion, a PE ratio of 26.76, a PEG ratio of 2.49 and a beta of 1.36. The business has a fifty day moving average of $122.37 and a two-hundred day moving average of $118.96. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. 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 1.88%. Emerson Electric’s dividend payout ratio is 50.36%.

Analyst Upgrades and Downgrades

EMR has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Barclays downgraded shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $135.00 to $110.00 in a research note on Monday, March 10th. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Loop Capital raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $136.28.

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.