1900 Wealth Management LLC Sells 2,769 Shares of Emerson Electric Co. (NYSE:EMR)

1900 Wealth Management LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 58.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,966 shares of the industrial products company’s stock after selling 2,769 shares during the quarter. 1900 Wealth Management LLC’s holdings in Emerson Electric were worth $223,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EMR. Lake Street Private Wealth LLC boosted its position in shares of Emerson Electric by 2.3% during the 1st quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 99 shares during the period. Harbour Capital Advisors LLC boosted its position in Emerson Electric by 1.7% in the 1st quarter. Harbour Capital Advisors LLC now owns 6,136 shares of the industrial products company’s stock valued at $695,000 after buying an additional 100 shares during the period. Financial Advocates Investment Management grew its stake in shares of Emerson Electric by 1.0% in the fourth quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock worth $994,000 after acquiring an additional 101 shares in the last quarter. Chemung Canal Trust Co. increased its position in shares of Emerson Electric by 0.3% during the first quarter. Chemung Canal Trust Co. now owns 39,629 shares of the industrial products company’s stock worth $4,495,000 after acquiring an additional 103 shares during the period. Finally, Stonehearth Capital Management LLC raised its holdings in shares of Emerson Electric by 3.3% in the 1st quarter. Stonehearth Capital Management LLC now owns 3,320 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 107 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 0.9 %

Shares of NYSE EMR traded up $0.98 during mid-day trading on Wednesday, hitting $114.68. 1,930,905 shares of the company traded hands, compared to its average volume of 2,763,160. The business has a 50 day moving average of $111.72 and a two-hundred day moving average of $101.76. The stock has a market capitalization of $65.61 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 1.90 and a beta of 1.36. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $116.76.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a dividend of $0.525 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.83%. Emerson Electric’s dividend payout ratio is 11.24%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EMR. Mizuho increased their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. 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 report on Monday, March 4th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Robert W. Baird reduced their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Finally, Barclays increased their price objective on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.56.

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.