Emerson Electric Co. (NYSE:EMR) Shares Sold by Hyman Charles D

Hyman Charles D decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 270,227 shares of the industrial products company’s stock after selling 4,244 shares during the quarter. Emerson Electric makes up approximately 1.6% of Hyman Charles D’s holdings, making the stock its 20th largest holding. Hyman Charles D’s holdings in Emerson Electric were worth $26,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tobam grew its holdings in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the period. Tennessee Valley Asset Management Partners purchased 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 during the 4th quarter valued at $39,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in Emerson Electric during the 4th quarter worth $39,000. Finally, MCF Advisors LLC lifted its stake in shares of Emerson Electric by 1,484.6% during the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 386 shares in the last quarter. Institutional investors and hedge funds 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 stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded up $5.25 during trading on Wednesday, hitting $112.65. 6,046,909 shares of the stock were exchanged, compared to its average volume of 2,820,472. The stock’s fifty day moving average is $110.61 and its 200 day moving average is $99.95. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The stock has a market cap of $64.30 billion, a PE ratio of 5.87, a P/E/G ratio of 1.84 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12.

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 analysts’ consensus estimates of $1.04 by $0.18. The firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 earnings per share. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.86%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EMR. Mizuho upped their price target on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Barclays lifted their price target on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Citigroup upped their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Bank of America increased their price target on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Berenberg Bank increased their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $118.07.

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.