Emerson Electric Co. (NYSE:EMR) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 1.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,269 shares of the industrial products company’s stock after selling 163 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Emerson Electric were worth $1,278,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EMR. Tobam raised its stake in Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 273 shares in the last quarter. Security National Bank purchased a new stake in shares of Emerson Electric in the 4th quarter valued at about $29,000. Cape Investment Advisory Inc. boosted its position in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares during the period. Burkett Financial Services LLC acquired a new position in Emerson Electric during the fourth quarter worth approximately $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group lifted their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Mizuho lifted their price objective 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. Wells Fargo & Company raised their price target on Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and upped their price objective for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. Finally, Citigroup lifted their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.76.

Emerson Electric Price Performance

Shares of NYSE EMR traded down $0.96 during trading on Friday, hitting $108.60. 259,608 shares of the company were exchanged, compared to its average volume of 2,662,837. The firm’s fifty day moving average price is $109.98 and its 200 day moving average price is $106.02. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The company has a market cap of $62.13 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 1.87 and a beta of 1.32. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $116.76.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, sell-side analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.93%. Emerson Electric’s payout ratio is 11.24%.

About Emerson Electric

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.