Stonegate Investment Group LLC Decreases Position in Emerson Electric Co. (NYSE:EMR)

Stonegate Investment Group LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 7.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,280 shares of the industrial products company’s stock after selling 623 shares during the period. Stonegate Investment Group LLC’s holdings in Emerson Electric were worth $709,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. PFG Advisors increased its holdings in Emerson Electric by 4.5% in 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 last quarter. Capstone Triton Financial Group LLC boosted its holdings in Emerson Electric by 1.0% in the third quarter. Capstone Triton Financial Group LLC now owns 11,747 shares of the industrial products company’s stock worth $1,134,000 after purchasing an additional 113 shares during the period. Accel Wealth Management increased its stake in Emerson Electric by 3.6% during the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after purchasing an additional 114 shares during the last quarter. Silverlake Wealth Management LLC lifted its position in shares of Emerson Electric by 2.8% in the 4th quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after buying an additional 115 shares during the last quarter. Finally, Cooper Financial Group boosted its holdings in shares of Emerson Electric by 2.4% in the 4th quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock valued at $488,000 after buying an additional 120 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Down 0.2 %

EMR stock opened at $113.34 on Wednesday. The firm has a market cap of $64.69 billion, a PE ratio of 5.90, a P/E/G ratio of 1.97 and a beta of 1.37. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $114.11. 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 firm has a 50 day simple moving average of $105.45 and a 200 day simple moving average of $97.31.

Emerson Electric (NYSE:EMRGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. Equities research analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, December 19th. KeyCorp boosted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Bank of America increased their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Mizuho boosted their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada raised their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.56.

Read Our Latest Report on Emerson Electric

Insider Activity at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

Emerson Electric Company 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.

See Also

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

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