Wealth Enhancement Advisory Services LLC Sells 102,333 Shares of Emerson Electric Co. (NYSE:EMR)

Wealth Enhancement Advisory Services LLC reduced its holdings in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 25.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 296,960 shares of the industrial products company’s stock after selling 102,333 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.05% of Emerson Electric worth $33,681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EMR. Tobam grew its holdings in shares of Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the last quarter. Security National Bank bought a new stake in Emerson Electric in the fourth quarter valued at $29,000. Cape Investment Advisory Inc. boosted its holdings in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 188 shares in the last quarter. Burkett Financial Services LLC bought a new stake in Emerson Electric in the fourth quarter valued at $32,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Emerson Electric in the fourth quarter valued at $35,000. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EMR has been the topic of several recent analyst reports. Loop Capital lifted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Berenberg Bank raised their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Mizuho raised their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Bank of America raised their price objective on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $122.76.

Check Out Our Latest Stock Analysis on Emerson Electric

Emerson Electric Stock Performance

NYSE:EMR traded up $2.17 during mid-day trading on Thursday, reaching $108.29. The company’s stock had a trading volume of 3,463,665 shares, compared to its average volume of 2,681,750. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $116.76. The firm’s fifty day moving average price is $109.99 and its two-hundred day moving average price is $105.43. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The stock has a market cap of $61.95 billion, a P/E ratio of 5.77, a PEG ratio of 1.80 and a beta of 1.33.

Emerson Electric (NYSE:EMRGet Free Report) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. Emerson Electric’s revenue was up 16.5% on a year-over-year basis. On average, equities analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid 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 dividend yield of 1.94%. Emerson Electric’s dividend payout ratio is currently 11.24%.

About Emerson Electric

(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.

Further Reading

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

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