Emerson Electric Co. (NYSE:EMR) Shares Sold by Triangle Securities Wealth Management

Triangle Securities Wealth Management decreased its position in Emerson Electric Co. (NYSE:EMR – Get Rating) by 1.7% during the 4th quarter, Holdings Channel reports. The firm owned 23,579 shares of the industrial products company’s stock after selling 408 shares during the quarter. Triangle Securities Wealth Management’s holdings in Emerson Electric were worth $2,265,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EMR. Certified Advisory Corp acquired a new stake in shares of Emerson Electric during the first quarter valued at $34,000. Western Pacific Wealth Management LP acquired a new stake in shares of Emerson Electric during the third quarter valued at $26,000. SJS Investment Consulting Inc. acquired a new stake in shares of Emerson Electric during the third quarter valued at $42,000. Wagner Wealth Management LLC acquired a new stake in shares of Emerson Electric during the second quarter valued at $56,000. Finally, Gradient Investments LLC boosted its stake in shares of Emerson Electric by 46.0% during the fourth quarter. Gradient Investments LLC now owns 714 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 225 shares during the last quarter. Institutional investors and hedge funds own 71.64% of the company’s stock.

Emerson Electric Stock Down 1.3 %

Shares of NYSE:EMR traded down $1.08 during mid-day trading on Friday, hitting $80.84. 9,040,120 shares of the company traded hands, compared to its average volume of 3,812,312. The firm has a market cap of $46.19 billion, a P/E ratio of 10.26, a PEG ratio of 2.40 and a beta of 1.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.10. Emerson Electric Co. has a 52-week low of $72.40 and a 52-week high of $100.00. The firm’s 50 day simple moving average is $87.55 and its 200 day simple moving average is $87.62.

Emerson Electric (NYSE:EMR – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The industrial products company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Emerson Electric had a net margin of 25.18% and a return on equity of 19.79%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the business earned $1.05 EPS. Emerson Electric’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Emerson Electric Co. will post 4.07 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 17th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $2.08 dividend on an annualized basis and a yield of 2.57%. Emerson Electric’s dividend payout ratio (DPR) is presently 26.40%.

Analysts Set New Price Targets

EMR has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on Emerson Electric from $92.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 7th. Mizuho raised their price target on Emerson Electric from $86.00 to $103.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 30th. UBS Group raised Emerson Electric from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $100.00 to $97.00 in a research note on Monday, March 6th. StockNews.com started coverage on Emerson Electric in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada cut their price objective on Emerson Electric from $110.00 to $107.00 and set an “outperform” rating on the stock in a report on Thursday, February 9th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $98.43.

About Emerson Electric

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Emerson Electric Co is a global technology and engineering company, which designs and manufactures products and delivers services that bring technology and engineering together to provide innovative solutions for customers in a wide range of industrial, commercial, and consumer markets. It operates through the following segments: Automation Solutions, AspenTech, Commercial and Residential Solutions, Climate Technologies, and Tools and Home Products.