Wellington Shields Capital Management LLC Has $612,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Wellington Shields Capital Management LLC trimmed its position in Emerson Electric Co. (NYSE:EMR) by 31.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,935 shares of the industrial products company’s stock after selling 2,250 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Emerson Electric were worth $612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the fourth quarter worth about $27,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the 3rd quarter valued at about $29,000. YANKCOM Partnership bought a new stake in Emerson Electric during the 4th quarter worth approximately $30,000. Finally, Frazier Financial Advisors LLC bought a new position in Emerson Electric in the third quarter valued at approximately $33,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Down 1.5 %

Emerson Electric stock opened at $109.17 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The stock has a 50-day simple moving average of $122.60 and a 200 day simple moving average of $118.70. The stock has a market capitalization of $61.56 billion, a P/E ratio of 26.05, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping 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%. Analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analysts Set New Price Targets

EMR has been the subject of several research reports. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday. Barclays downgraded Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $135.00 to $110.00 in a research note on Monday. Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group initiated coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $136.28.

About Emerson Electric

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.