Cassady Schiller Wealth Management LLC Sells 200 Shares of Emerson Electric Co. (NYSE:EMR)

Cassady Schiller Wealth Management LLC cut its stake in Emerson Electric Co. (NYSE:EMR) by 18.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 875 shares of the industrial products company’s stock after selling 200 shares during the quarter. Cassady Schiller Wealth Management LLC’s holdings in Emerson Electric were worth $85,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tobam grew its stake in Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $35,000. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $39,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $39,000. Finally, MCF Advisors LLC boosted its stake in shares of Emerson Electric by 1,484.6% in the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 386 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Down 1.6 %

Shares of NYSE:EMR traded down $1.86 during mid-day trading on Thursday, hitting $112.82. The company had a trading volume of 854,973 shares, compared to its average volume of 2,743,812. The firm has a fifty day moving average price of $111.72 and a 200 day moving average price of $101.76. The company has a market capitalization of $64.54 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 1.90 and a beta of 1.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. Emerson Electric Co. has a one year low of $76.94 and a one year high of $116.76.

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

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.86%. The ex-dividend date is Thursday, May 16th. Emerson Electric’s payout ratio is currently 11.24%.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of research analyst reports. Robert W. Baird reduced their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Mizuho raised their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Berenberg Bank raised their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Barclays raised their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and raised their price objective for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.56.

Emerson Electric Company 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.