Mraz Amerine & Associates Inc. Lowers Holdings in Emerson Electric Co. (NYSE:EMR)

Mraz Amerine & Associates Inc. decreased its stake in Emerson Electric Co. (NYSE:EMR) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,986 shares of the industrial products company’s stock after selling 399 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Emerson Electric were worth $1,361,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EMR. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Emerson Electric by 86.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 967 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 448 shares during the last quarter. Oakworth Capital Inc. grew its holdings in shares of Emerson Electric by 37.0% during the 4th quarter. Oakworth Capital Inc. now owns 2,629 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 710 shares during the last quarter. Prosperity Wealth Management Inc. grew its holdings in shares of Emerson Electric by 4.7% during the 4th quarter. Prosperity Wealth Management Inc. now owns 3,364 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 150 shares during the last quarter. TRUE Private Wealth Advisors grew its holdings in shares of Emerson Electric by 8.1% during the 4th quarter. TRUE Private Wealth Advisors now owns 45,855 shares of the industrial products company’s stock valued at $4,463,000 after purchasing an additional 3,426 shares during the last quarter. Finally, Tyche Wealth Partners LLC bought a new position in shares of Emerson Electric during the 4th quarter valued at $618,000. Institutional investors own 74.30% of the company’s stock.

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EMR shares. KeyCorp raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Berenberg Bank raised their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada raised their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Citigroup raised their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Bank of America raised their price target 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. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.47.

Emerson Electric Stock Down 1.5 %

NYSE EMR traded down $1.68 during trading hours on Wednesday, reaching $109.81. 2,316,755 shares of the company’s stock traded hands, compared to its average volume of 2,671,557. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The firm has a market cap of $62.68 billion, a PE ratio of 5.81, a PEG ratio of 1.93 and a beta of 1.37. The firm has a 50-day simple moving average of $109.62 and a 200 day simple moving average of $98.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. Sell-side analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

About Emerson Electric

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.