FourThought Financial LLC Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

FourThought Financial LLC lessened its stake in Emerson Electric Co. (NYSE:EMR – Get Rating) by 20.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,016 shares of the industrial products company’s stock after selling 1,534 shares during the quarter. FourThought Financial LLC’s holdings in Emerson Electric were worth $441,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Western Pacific Wealth Management LP purchased a new position in shares of Emerson Electric during the 3rd quarter valued at approximately $26,000. Certified Advisory Corp purchased a new position in shares of Emerson Electric during the 1st quarter valued at approximately $34,000. SJS Investment Consulting Inc. purchased a new position in shares of Emerson Electric during the 3rd quarter valued at approximately $42,000. Fred Alger Management LLC purchased a new position in shares of Emerson Electric during the 3rd quarter valued at approximately $53,000. Finally, Wagner Wealth Management LLC purchased a new position in shares of Emerson Electric during the 2nd quarter valued at approximately $56,000. Hedge funds and other institutional investors own 71.64% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR opened at $81.92 on Friday. The stock’s fifty day moving average is $87.89 and its 200-day moving average is $87.64. The firm has a market capitalization of $46.81 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 2.37 and a beta of 1.39. Emerson Electric Co. has a one year low of $72.40 and a one year high of $100.00. 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 (NYSE:EMR – Get Rating) last released its quarterly earnings results 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 company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the business earned $1.05 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts anticipate that Emerson Electric Co. will post 4.07 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 17th were given a $0.52 dividend. The ex-dividend date was Thursday, February 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.54%. Emerson Electric’s dividend payout ratio (DPR) is 26.40%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EMR shares. Morgan Stanley increased their target price on Emerson Electric from $92.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 7th. Cowen reduced their price objective on Emerson Electric from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 21st. UBS Group upgraded Emerson Electric from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $100.00 to $97.00 in a research note on Monday, March 6th. Mizuho raised their price objective on Emerson Electric from $86.00 to $103.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 30th. Finally, Royal Bank of Canada reduced their price objective on Emerson Electric from $110.00 to $107.00 and set an “outperform” rating on the stock in a research note on Thursday, February 9th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $98.43.

Emerson Electric Company Profile

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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.