Emerson Electric Co. (EMR) Shares Sold by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,321 shares of the industrial products company’s stock after selling 230 shares during the period. SevenBridge Financial Group LLC’s holdings in Emerson Electric were worth $796,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Moody National Bank Trust Division acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Csenge Advisory Group acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $28,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $30,000. Norway Savings Bank grew its position in shares of Emerson Electric by 60.1% in the fourth quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 71.54% of the company’s stock.

Several equities analysts have recently commented on EMR shares. Berenberg Bank set a $67.00 target price on Emerson Electric and gave the company a “hold” rating in a research report on Monday, November 19th. Stephens started coverage on Emerson Electric in a research report on Monday, November 19th. They issued an “overweight” rating and a $80.00 target price on the stock. Gordon Haskett downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. ValuEngine downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Finally, Barclays downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $85.00 to $71.00 in a research report on Monday, December 17th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $76.28.

Shares of NYSE:EMR opened at $67.33 on Friday. The company has a market cap of $41.38 billion, a P/E ratio of 19.92, a P/E/G ratio of 2.11 and a beta of 1.24. Emerson Electric Co. has a 1 year low of $55.38 and a 1 year high of $79.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 0.88.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.21 billion. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, analysts anticipate that Emerson Electric Co. will post 3.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 15th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Thursday, February 14th. Emerson Electric’s dividend payout ratio is currently 57.99%.

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About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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