Emerson Electric Co. (NYSE:EMR) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 25.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,262 shares of the industrial products company’s stock after selling 20,344 shares during the quarter. Private Advisor Group LLC’s holdings in Emerson Electric were worth $5,665,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its holdings in shares of Emerson Electric by 3.0% during the 3rd quarter. Mackenzie Financial Corp now owns 51,474 shares of the industrial products company’s stock worth $4,882,000 after purchasing an additional 1,504 shares during the period. Chicago Partners Investment Group LLC raised its stake in shares of Emerson Electric by 3.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,660 shares of the industrial products company’s stock valued at $691,000 after acquiring an additional 241 shares during the period. Advisor Partners II LLC lifted its holdings in shares of Emerson Electric by 7.7% during the 3rd quarter. Advisor Partners II LLC now owns 27,945 shares of the industrial products company’s stock valued at $2,699,000 after acquiring an additional 2,008 shares in the last quarter. Gratus Capital LLC increased its holdings in Emerson Electric by 17.9% in the 3rd quarter. Gratus Capital LLC now owns 11,445 shares of the industrial products company’s stock valued at $1,105,000 after purchasing an additional 1,740 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC acquired a new position in shares of Emerson Electric during the third quarter worth about $425,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Royal Bank of Canada raised their target price on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Mizuho boosted their price target on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Citigroup raised their price objective on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, 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 note on Thursday, March 21st. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.31.

Emerson Electric Stock Performance

Shares of EMR stock opened at $112.65 on Thursday. 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 business has a 50 day moving average of $110.61 and a two-hundred day moving average of $99.95. The company has a market cap of $64.30 billion, a P/E ratio of 5.87, a PEG ratio of 1.84 and a beta of 1.36. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $115.26.

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

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.86%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

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.