Bison Wealth LLC Decreases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Bison Wealth LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 74.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,275 shares of the industrial products company's stock after selling 9,333 shares during the period. Bison Wealth LLC's holdings in Emerson Electric were worth $406,000 at the end of the most recent reporting period.

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

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $2.60 on Friday, hitting $108.41. 2,569,836 shares of the company traded hands, compared to its average volume of 2,917,611. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The firm's 50-day simple moving average is $107.63 and its 200 day simple moving average is $118.51. The company has a market cap of $61.13 billion, a P/E ratio of 25.87, a P/E/G ratio of 2.49 and a beta of 1.28. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 annualized dividend and a dividend yield of 1.95%. Emerson Electric's dividend payout ratio is currently 50.36%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. 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. Barclays lowered their price target on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. reduced 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 note on Tuesday, April 8th. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Finally, StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.67.

Emerson Electric 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.