Chapin Davis Inc. Trims Stake in Emerson Electric Co. (NYSE:EMR)

Chapin Davis Inc. decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,563 shares of the industrial products company’s stock after selling 148 shares during the quarter. Chapin Davis Inc.’s holdings in Emerson Electric were worth $1,992,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tobam grew its stake in Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares in the last quarter. Security National Bank purchased a new stake in shares of Emerson Electric in the 4th quarter worth $29,000. Cape Investment Advisory Inc. increased its stake in shares of Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after buying an additional 188 shares during the period. Burkett Financial Services LLC purchased a new stake in Emerson Electric in the fourth quarter worth about $32,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Emerson Electric during the 4th quarter worth about $35,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

NYSE EMR opened at $110.55 on Monday. The stock’s fifty day moving average price is $110.00 and its 200 day moving average price is $105.79. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $116.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The company has a market cap of $63.25 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 1.88 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a $0.525 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.90%. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and upped their price target for the stock from $123.00 to $138.00 in a research report on Thursday, May 9th. UBS Group increased their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Loop Capital upped their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Robert W. Baird cut their target price on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Finally, Mizuho increased their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.76.

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.