Cary Street Partners Investment Advisory LLC Has $301,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Cary Street Partners Investment Advisory LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 50.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,233 shares of the industrial products company’s stock after selling 3,276 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Emerson Electric were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. boosted its stake in shares of Emerson Electric by 255.5% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock valued at $270,771,000 after purchasing an additional 2,015,232 shares during the last quarter. Nordea Investment Management AB boosted its position in Emerson Electric by 26.5% during 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 acquiring an additional 1,558,903 shares during the last quarter. Schroder Investment Management Group grew its holdings in Emerson Electric by 211.7% during the 3rd quarter. Schroder Investment Management Group now owns 2,003,099 shares of the industrial products company’s stock worth $193,439,000 after acquiring an additional 1,360,477 shares during the period. Invesco Ltd. lifted its stake in shares of Emerson Electric by 16.9% in the 3rd 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. Finally, Morgan Stanley boosted its position 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 valued at $1,327,876,000 after purchasing an additional 1,008,294 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank of Canada boosted their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. UBS Group increased their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Barclays lifted 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 increased their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Berenberg Bank boosted their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $116.25.

Emerson Electric Stock Down 1.2 %

Shares of NYSE:EMR opened at $106.45 on Thursday. The business’s 50 day moving average is $110.55 and its 200 day moving average is $99.56. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. The stock has a market cap of $60.76 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 1.87 and a beta of 1.36. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29.

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

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given 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 1.97%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Insider Transactions at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale 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.

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.