Wendell David Associates Inc. Sells 250 Shares of Emerson Electric Co. (NYSE:EMR)

Wendell David Associates Inc. reduced its stake in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,335 shares of the industrial products company’s stock after selling 250 shares during the quarter. Wendell David Associates Inc.’s holdings in Emerson Electric were worth $3,536,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Argus Investors Counsel Inc. increased its stake in Emerson Electric by 1.2% during the fourth quarter. Argus Investors Counsel Inc. now owns 16,630 shares of the industrial products company’s stock worth $1,619,000 after acquiring an additional 200 shares during the last quarter. Blackhawk Capital Partners LLC. increased its stake in Emerson Electric by 1.4% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 17,097 shares of the industrial products company’s stock worth $1,664,000 after acquiring an additional 232 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its position in shares of Emerson Electric by 1.6% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 111,826 shares of the industrial products company’s stock valued at $10,710,000 after buying an additional 1,768 shares during the period. ICICI Prudential Asset Management Co Ltd boosted its position in shares of Emerson Electric by 12.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 52,429 shares of the industrial products company’s stock valued at $5,103,000 after buying an additional 5,600 shares during the period. Finally, PFG Advisors boosted its position in shares of Emerson Electric by 4.5% during the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after buying an additional 108 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 0.1 %

Emerson Electric stock opened at $113.53 on Tuesday. The business has a fifty day moving average of $105.10 and a two-hundred day moving average of $97.20. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The firm has a market cap of $64.80 billion, a P/E ratio of 5.91, a P/E/G ratio of 1.97 and a beta of 1.37. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $114.11.

Emerson Electric (NYSE:EMRGet Free Report) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. Emerson Electric’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. On average, analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. 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 payout ratio is presently 10.94%.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho boosted their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. UBS Group boosted their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Barclays boosted their target price on Emerson Electric from $91.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday, February 8th. Berenberg Bank boosted their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Royal Bank of Canada boosted 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. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Read Our Latest Stock Analysis on Emerson Electric

Emerson Electric Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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