Emerson Electric Co. (NYSE:EMR) Shares Sold by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 13.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,747 shares of the industrial products company’s stock after selling 600 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Emerson Electric were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in EMR. Tobam boosted its stake in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the last quarter. Accordant Advisory Group Inc purchased a new stake in shares of Emerson Electric during the first quarter worth about $29,000. Security National Bank purchased a new position in shares of Emerson Electric during the fourth quarter valued at approximately $29,000. Cape Investment Advisory Inc. boosted its position in Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 188 shares during the last quarter. Finally, Burkett Financial Services LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $32,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 1.8 %

NYSE EMR traded down $1.97 on Tuesday, reaching $107.79. The company had a trading volume of 3,963,033 shares, compared to its average volume of 2,616,993. 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 Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The firm has a 50-day moving average of $110.52 and a 200-day moving average of $99.51. The firm has a market capitalization of $61.53 billion, a PE ratio of 5.61, a P/E/G ratio of 1.90 and a beta of 1.37.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EMR. Citigroup raised their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Barclays upped their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. KeyCorp raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Mizuho upped their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Bank of America lifted their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.25.

Insider Buying and Selling at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction on 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 sale, the director now owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is owned by insiders.

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.