SlateStone Wealth LLC Sells 780 Shares of Emerson Electric Co. (NYSE:EMR)

SlateStone Wealth LLC cut its holdings in Emerson Electric Co. (NYSE:EMR) by 16.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,835 shares of the industrial products company’s stock after selling 780 shares during the period. SlateStone Wealth LLC’s holdings in Emerson Electric were worth $373,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. PDS Planning Inc grew its position in Emerson Electric by 5.7% during the fourth quarter. PDS Planning Inc now owns 6,008 shares of the industrial products company’s stock worth $585,000 after buying an additional 322 shares in the last quarter. 1900 Wealth Management LLC boosted its holdings in Emerson Electric by 12.8% during the fourth quarter. 1900 Wealth Management LLC now owns 4,735 shares of the industrial products company’s stock valued at $461,000 after purchasing an additional 538 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Emerson Electric by 55.3% during the fourth quarter. California Public Employees Retirement System now owns 1,696,755 shares of the industrial products company’s stock valued at $165,145,000 after purchasing an additional 604,407 shares in the last quarter. Gimbal Financial acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $231,000. Finally, RWA Wealth Partners LLC boosted its holdings in Emerson Electric by 22.9% during the fourth quarter. RWA Wealth Partners LLC now owns 33,331 shares of the industrial products company’s stock valued at $3,244,000 after purchasing an additional 6,204 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EMR shares. Royal Bank of Canada lifted their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. UBS Group lifted their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. KeyCorp lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Berenberg Bank lifted their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Citigroup lifted their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $116.25.

Emerson Electric Stock Performance

Shares of EMR stock traded up $1.53 on Tuesday, reaching $110.16. The stock had a trading volume of 814,122 shares, compared to its average volume of 2,624,472. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average is $110.06 and its two-hundred day moving average is $98.94. The firm has a market capitalization of $62.88 billion, a price-to-earnings ratio of 5.74, a P/E/G ratio of 1.88 and a beta of 1.37. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month 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, beating analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. Emerson Electric’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. On average, research analysts expect 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. Shareholders of record on Friday, February 16th were issued a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.91%. Emerson Electric’s dividend payout ratio is currently 10.94%.

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.