West Oak Capital LLC Has $1.96 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

West Oak Capital LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,633 shares of the industrial products company’s stock after selling 375 shares during the quarter. West Oak Capital LLC’s holdings in Emerson Electric were worth $1,957,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Waverly Advisors LLC lifted its stake in Emerson Electric by 100.2% in the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after purchasing an additional 7,565 shares during the last quarter. FMR LLC lifted its position in shares of Emerson Electric by 1.3% in the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after buying an additional 41,263 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $320,000. Blackston Financial Advisory Group LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $241,000. Finally, Kesler Norman & Wride LLC raised its holdings in Emerson Electric by 162.0% in the 4th quarter. Kesler Norman & Wride LLC now owns 49,141 shares of the industrial products company’s stock valued at $4,783,000 after acquiring an additional 30,385 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by insiders.

Emerson Electric Trading Up 0.2 %

Shares of Emerson Electric stock traded up $0.21 on Thursday, reaching $113.66. 361,065 shares of the company’s stock were exchanged, compared to its average volume of 2,793,565. The firm’s 50-day moving average is $103.91 and its two-hundred day moving average is $96.90. The company has a market capitalization of $64.88 billion, a P/E ratio of 5.91, a price-to-earnings-growth ratio of 1.95 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $113.89.

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

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EMR shares. Royal Bank of Canada raised their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. KeyCorp boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. UBS Group increased their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Bank of America upped their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Mizuho upped their price objective on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.00.

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.