Emerson Electric Co. (NYSE:EMR) Shares Sold by Bank OZK

Bank OZK reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 14.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,751 shares of the industrial products company’s stock after selling 789 shares during the period. Bank OZK’s holdings in Emerson Electric were worth $462,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PFG Advisors increased its stake 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 worth $243,000 after acquiring an additional 108 shares during the period. Accel Wealth Management increased its holdings in Emerson Electric by 3.6% in 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 increased its holdings in Emerson Electric by 5.3% in 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. Silverlake Wealth Management LLC increased its holdings in Emerson Electric by 2.8% in 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. Finally, Cooper Financial Group increased its holdings in Emerson Electric by 2.4% in the fourth quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock valued at $488,000 after buying an additional 120 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMR. Bank of America increased their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Citigroup raised their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. KeyCorp raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Mizuho raised their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Barclays raised their price objective 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. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $116.25.

Emerson Electric Trading Up 0.3 %

Shares of EMR traded up $0.29 during mid-day trading on Friday, reaching $109.89. The company had a trading volume of 1,364,495 shares, compared to its average volume of 1,854,608. The stock has a market cap of $62.73 billion, a price-to-earnings ratio of 5.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. The firm has a fifty day simple moving average of $110.38 and a 200-day simple moving average of $99.30. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $115.26. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

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

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. Emerson Electric’s payout ratio is 10.94%.

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.