Emerson Electric Co. (NYSE:EMR) Shares Sold by Eagle Ridge Investment Management

Eagle Ridge Investment Management decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,472 shares of the industrial products company’s stock after selling 700 shares during the quarter. Eagle Ridge Investment Management’s holdings in Emerson Electric were worth $922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Morgan Stanley raised its stake in Emerson Electric by 7.9% during the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after acquiring an additional 1,008,294 shares during the period. Invesco Ltd. increased its stake in shares of 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 purchasing an additional 1,184,202 shares during the period. Nordea Investment Management AB increased its stake in shares of Emerson Electric by 26.5% in the fourth 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 period. Northern Trust Corp increased its stake in shares of Emerson Electric by 2.4% in the third 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 period. Finally, Bank of New York Mellon Corp increased its stake in shares of Emerson Electric by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 5,865,155 shares of the industrial products company’s stock valued at $566,398,000 after purchasing an additional 165,249 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on EMR shares. Barclays raised their price target on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Citigroup raised their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada increased their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. KeyCorp increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Mizuho increased their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.25.

Emerson Electric Trading Down 0.1 %

Emerson Electric stock traded down $0.16 during midday trading on Monday, reaching $109.73. The stock had a trading volume of 951,279 shares, compared to its average volume of 2,583,100. The firm’s fifty day simple moving average is $110.38 and its two-hundred day simple moving average is $99.32. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The firm has a market cap of $62.63 billion, a price-to-earnings ratio of 5.73, a PEG ratio of 1.90 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data 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 net margin of 69.33% and a return on equity of 11.59%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the business posted $0.78 EPS. The company’s revenue was up 22.1% on a year-over-year basis. Equities analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

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.