Greenwood Capital Associates LLC Has $4.62 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Greenwood Capital Associates LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 23.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,163 shares of the industrial products company’s stock after selling 13,253 shares during the period. Greenwood Capital Associates LLC’s holdings in Emerson Electric were worth $4,623,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Mcdonald Partners LLC raised its stake in shares of Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock valued at $1,761,000 after purchasing an additional 81 shares in the last quarter. Little House Capital LLC lifted its holdings in shares of Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock worth $2,108,000 after acquiring an additional 89 shares during the period. Pittenger & Anderson Inc. boosted its position in shares of Emerson Electric by 0.3% during the 4th quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company’s stock valued at $4,466,000 after acquiring an additional 95 shares in the last quarter. Unison Advisors LLC raised its position in Emerson Electric by 0.5% in the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company’s stock worth $2,629,000 after purchasing an additional 98 shares in the last quarter. Finally, Redmond Asset Management LLC boosted its holdings in Emerson Electric by 4.6% during the fourth quarter. Redmond Asset Management LLC now owns 2,260 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EMR shares. Royal Bank of Canada increased their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Citigroup lifted their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Barclays increased their price target on Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a research report on Monday. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $135.00.

Emerson Electric Trading Down 0.3%

Shares of NYSE EMR opened at $126.55 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company’s fifty day moving average is $111.13 and its 200-day moving average is $118.51. The stock has a market cap of $71.18 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 earnings per share. Equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.67%. Emerson Electric’s dividend payout ratio is currently 50.48%.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.50% of the company’s stock.

Emerson Electric Company 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.