Wealthcare Advisory Partners LLC Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Wealthcare Advisory Partners LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,117 shares of the industrial products company’s stock after selling 770 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Emerson Electric were worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Morgan Stanley raised its stake in shares of Emerson Electric by 7.9% during the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after purchasing an additional 1,008,294 shares during the period. Invesco Ltd. increased its stake in Emerson Electric by 16.9% in the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after acquiring an additional 1,184,202 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Emerson Electric by 26.5% during the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after purchasing an additional 1,558,903 shares during the last quarter. Northern Trust Corp increased its position in shares of Emerson Electric by 2.4% during the 3rd quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock valued at $692,176,000 after purchasing an additional 168,783 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Emerson Electric by 1.8% during the 3rd quarter. Stifel Financial Corp now owns 4,557,738 shares of the industrial products company’s stock worth $440,145,000 after acquiring an additional 80,451 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EMR has been the subject of a number of research analyst reports. Mizuho raised their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Berenberg Bank upped their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Barclays upped their price target on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. UBS Group upped their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, 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 report on Monday, March 4th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.07.

Emerson Electric Trading Up 0.6 %

NYSE:EMR traded up $0.69 during trading hours on Tuesday, reaching $106.93. 3,746,563 shares of the stock were exchanged, compared to its average volume of 2,746,740. 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 business has a 50-day moving average of $110.58 and a two-hundred day moving average of $99.84. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26. The company has a market capitalization of $61.04 billion, a price-to-earnings ratio of 5.59, a PEG ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. On average, equities analysts predict 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. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now 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 can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric 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.