White Pine Capital LLC Sells 2,409 Shares of Emerson Electric Co. (NYSE:EMR)

White Pine Capital LLC cut its stake in Emerson Electric Co. (NYSE:EMR) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,443 shares of the industrial products company’s stock after selling 2,409 shares during the period. Emerson Electric makes up approximately 0.8% of White Pine Capital LLC’s holdings, making the stock its 29th biggest position. White Pine Capital LLC’s holdings in Emerson Electric were worth $2,184,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Tobam raised its stake in shares of Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after buying an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Emerson Electric in the 4th quarter valued at $35,000. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $39,000. MCF Advisors LLC boosted its stake in shares of Emerson Electric by 1,484.6% in the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new position in shares of Emerson Electric in the 3rd quarter valued at about $42,000. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent research reports. Berenberg Bank raised their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Citigroup raised their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Bank of America lifted their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. UBS Group lifted their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Royal Bank of Canada lifted their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.25.

Insider Activity

In related news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction on Friday, February 9th. The shares were 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 in the company, valued at $989,599.38. The sale was disclosed in a filing with the SEC, which is available through this link. 0.25% of the stock is owned by corporate insiders.

Emerson Electric Stock Up 0.3 %

Shares of NYSE EMR traded up $0.29 during midday trading on Friday, reaching $109.89. The company’s stock had a trading volume of 1,364,495 shares, compared to its average volume of 1,854,608. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $115.26. The stock has a market capitalization of $62.73 billion, a price-to-earnings ratio of 5.72, a PEG ratio of 1.90 and a beta of 1.37. The stock has a 50 day simple moving average of $110.38 and a 200-day simple moving average of $99.28.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

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.