Emerson Electric Co. (NYSE:EMR) Shares Sold by 1900 Wealth Management LLC

1900 Wealth Management LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 13.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,966 shares of the industrial products company’s stock after selling 300 shares during the period. 1900 Wealth Management LLC’s holdings in Emerson Electric were worth $244,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Consolidated Portfolio Review Corp increased its stake in Emerson Electric by 186.5% in the 4th quarter. Consolidated Portfolio Review Corp now owns 5,799 shares of the industrial products company’s stock valued at $719,000 after purchasing an additional 3,775 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock valued at $10,187,000 after purchasing an additional 6,321 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. increased its position in shares of Emerson Electric by 5.0% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 8,389 shares of the industrial products company’s stock valued at $1,040,000 after buying an additional 400 shares in the last quarter. Adero Partners LLC purchased a new stake in shares of Emerson Electric in the 4th quarter worth about $226,000. Finally, YANKCOM Partnership acquired a new stake in Emerson Electric in the 4th quarter valued at about $30,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $127.49 on Friday. The firm has a market capitalization of $72.61 billion, a PE ratio of 37.28, a P/E/G ratio of 2.22 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. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The business has a 50-day moving average of $126.78 and a two-hundred day moving average of $116.66.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. As a group, research analysts forecast that Emerson Electric Co. will post 5.91 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed 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. This represents a $2.11 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Wall Street Analysts Forecast Growth

EMR has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a report on Thursday. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.90.

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.