B. Riley Wealth Advisors Inc. Decreases Stake in Emerson Electric Co. (NYSE:EMR)

B. Riley Wealth Advisors Inc. cut its holdings in Emerson Electric Co. (NYSE:EMR) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,922 shares of the industrial products company’s stock after selling 4,923 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Emerson Electric were worth $3,204,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Financial Advocates Investment Management grew its holdings in shares of Emerson Electric by 1.0% during the fourth quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock valued at $994,000 after buying an additional 101 shares in the last quarter. PFG Advisors grew its holdings in shares of Emerson Electric by 4.5% during the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after buying an additional 108 shares in the last quarter. Accel Wealth Management grew its holdings in shares of Emerson Electric by 3.6% during the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after buying an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC grew its holdings in shares of Emerson Electric by 5.3% during the fourth quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock valued at $222,000 after buying an additional 114 shares in the last quarter. Finally, Silverlake Wealth Management LLC grew its holdings in shares of Emerson Electric by 2.8% during the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock valued at $414,000 after buying an additional 115 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Mizuho lifted their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Barclays lifted their price objective on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. UBS Group lifted their price objective on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Robert W. Baird reduced their price target on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $121.76.

Emerson Electric Price Performance

Shares of EMR stock traded up $0.91 during trading hours on Monday, hitting $107.37. The company had a trading volume of 1,963,907 shares, compared to its average volume of 2,695,962. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $116.76. The firm has a market capitalization of $61.43 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 1.78 and a beta of 1.34. The firm’s fifty day moving average is $110.60 and its 200 day moving average is $104.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18.

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

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.96%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

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.