Emerson Electric Co. (NYSE:EMR) Shares Sold by First Personal Financial Services

First Personal Financial Services cut its position in Emerson Electric Co. (NYSE:EMR) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,549 shares of the industrial products company’s stock after selling 560 shares during the quarter. First Personal Financial Services’ holdings in Emerson Electric were worth $248,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tobam raised its stake in Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new stake in Emerson Electric during the 4th quarter valued at approximately $32,000. Certified Advisory Corp purchased a new stake in Emerson Electric during the 1st quarter valued at approximately $34,000. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the 4th quarter valued at approximately $39,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at approximately $42,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR stock opened at $112.65 on Friday. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The stock’s fifty day simple moving average is $108.90 and its 200-day simple moving average is $98.29. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $64.30 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 1.96 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.18. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. Equities research analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on EMR. Mizuho upped their price objective on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Wells Fargo & Company increased their target price on Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 19th. KeyCorp increased their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Bank of America increased their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Citigroup increased their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $115.47.

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.