Emerson Electric Co. (NYSE:EMR) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,891 shares of the industrial products company’s stock after selling 607 shares during the quarter. Wealthspire Advisors LLC’s holdings in Emerson Electric were worth $1,721,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Swedbank AB lifted its stake in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Howard Capital Management Group LLC raised its holdings in shares of Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 180 shares during the period. International Assets Investment Management LLC lifted its position in shares of Emerson Electric by 14,768.8% in the 3rd quarter. International Assets Investment Management LLC now owns 468,069 shares of the industrial products company’s stock valued at $51,193,000 after acquiring an additional 464,921 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new position in Emerson Electric during the 3rd quarter worth approximately $370,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Emerson Electric by 24.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,643 shares of the industrial products company’s stock valued at $4,439,000 after purchasing an additional 8,064 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EMR. Morgan Stanley lifted their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Barclays lifted their target price on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. UBS Group assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Trading Down 1.0 %

Shares of EMR stock opened at $120.63 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $124.89 and its two-hundred day moving average is $117.81. The company has a market cap of $68.02 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.75%. Emerson Electric’s dividend payout ratio is 50.36%.

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.