Emerson Electric Co. (NYSE:EMR) Stock Position Lowered by Eads & Heald Wealth Management

Eads & Heald Wealth Management cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,957 shares of the industrial products company’s stock after selling 456 shares during the period. Eads & Heald Wealth Management’s holdings in Emerson Electric were worth $2,332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EMR. Tobam grew its holdings in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after buying an additional 273 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new position in Emerson Electric in the fourth quarter valued at about $32,000. Certified Advisory Corp purchased a new position in Emerson Electric in the first quarter valued at about $34,000. Tennessee Valley Asset Management Partners purchased a new position in Emerson Electric in the fourth quarter valued at about $35,000. Finally, Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the fourth quarter worth about $39,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Down 0.8 %

Shares of EMR traded down $0.89 during midday trading on Monday, hitting $111.76. The stock had a trading volume of 1,674,448 shares, compared to its average volume of 2,681,274. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The company has a 50 day simple moving average of $108.90 and a two-hundred day simple moving average of $98.32. The firm has a market cap of $63.79 billion, a price-to-earnings ratio of 5.88, a price-to-earnings-growth ratio of 1.95 and a beta of 1.37. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. Emerson Electric’s quarterly revenue was up 22.1% on a year-over-year basis. On average, 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 was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is presently 10.94%.

Insider Transactions at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the business’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 completion of the sale, 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 SEC, which is available at this link. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EMR shares. KeyCorp boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Wells Fargo & Company upped their price target on Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th. Royal Bank of Canada upped their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Berenberg Bank upped their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Bank of America upped their price objective on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.47.

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.