Argyle Capital Management Inc. Has $3.43 Million Position in Emerson Electric Co. (NYSE:EMR)

Argyle Capital Management Inc. lowered its position in Emerson Electric Co. (NYSE:EMR) by 17.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,249 shares of the industrial products company’s stock after selling 7,300 shares during the quarter. Emerson Electric makes up about 1.4% of Argyle Capital Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Argyle Capital Management Inc.’s holdings in Emerson Electric were worth $3,431,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its position in shares of Emerson Electric by 3.3% in the third quarter. Asset Management One Co. Ltd. now owns 252,866 shares of the industrial products company’s stock valued at $24,419,000 after purchasing an additional 8,152 shares during the period. TFG Advisers LLC bought a new position in shares of Emerson Electric in the third quarter valued at about $204,000. Schmidt P J Investment Management Inc. raised its position in shares of Emerson Electric by 5.0% in the third quarter. Schmidt P J Investment Management Inc. now owns 3,696 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 176 shares during the period. Lake Street Financial LLC increased its position in Emerson Electric by 30.3% during the third quarter. Lake Street Financial LLC now owns 3,735 shares of the industrial products company’s stock worth $362,000 after acquiring an additional 869 shares during the period. Finally, Bill Few Associates Inc. bought a new position in Emerson Electric during the third quarter worth about $208,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR traded up $0.29 during midday trading on Friday, hitting $109.89. 1,364,495 shares of the company traded hands, compared to its average volume of 1,854,608. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The stock has a 50-day moving average of $110.38 and a 200-day moving average of $99.32. The firm has a market cap of $62.73 billion, a P/E ratio of 5.72, a PEG ratio of 1.90 and a beta of 1.37. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. Emerson Electric’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.91%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EMR shares. UBS Group raised their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Citigroup raised their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Mizuho raised their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Berenberg Bank increased their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Bank of America increased their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $116.25.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.25% of the stock is currently owned by company insiders.

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.