Emerson Electric Co. (NYSE:EMR) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 1.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 138,923 shares of the industrial products company’s stock after selling 2,721 shares during the quarter. Welch & Forbes LLC’s holdings in Emerson Electric were worth $13,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Waverly Advisors LLC increased its stake in shares of Emerson Electric by 100.2% during the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after acquiring an additional 7,565 shares during the period. Blackston Financial Advisory Group LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at approximately $241,000. FMR LLC increased its stake in shares of Emerson Electric by 1.3% during the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after acquiring an additional 41,263 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Emerson Electric during the third quarter valued at approximately $320,000. Finally, Capital Advisors Inc. OK boosted its holdings in Emerson Electric by 821.0% during the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock worth $8,393,000 after buying an additional 76,868 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EMR shares. Citigroup raised their target price 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. UBS Group raised their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Berenberg Bank raised their target price 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. Bank of America raised 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. Finally, KeyCorp lifted their price objective 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. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $118.07.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by company insiders.

Emerson Electric Stock Performance

Emerson Electric stock traded up $1.19 on Tuesday, reaching $107.43. 6,896,405 shares of the stock were exchanged, compared to its average volume of 2,781,271. The stock has a market cap of $61.32 billion, a PE ratio of 5.60, a PEG ratio of 1.84 and a beta of 1.36. 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 twelve month low of $76.94 and a twelve month high of $115.26. The firm has a fifty day moving average price of $110.61 and a two-hundred day moving average price of $99.95.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates 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 was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. Sell-side analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

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