Emerson Electric Co. (NYSE:EMR) Shares Sold by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. reduced its position in Emerson Electric Co. (NYSE:EMR) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,146 shares of the industrial products company’s stock after selling 265 shares during the period. Ifrah Financial Services Inc.’s holdings in Emerson Electric were worth $404,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Waverly Advisors LLC raised its position in Emerson Electric by 100.2% in the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after purchasing an additional 7,565 shares during the period. Blackston Financial Advisory Group LLC acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $241,000. FMR LLC raised its stake in shares of Emerson Electric by 1.3% during the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after purchasing an additional 41,263 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Emerson Electric in the third quarter valued at $320,000. Finally, Capital Advisors Inc. OK boosted its position in Emerson Electric by 821.0% in the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after buying an additional 76,868 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock traded up $0.13 during trading hours on Friday, reaching $106.54. The stock had a trading volume of 5,925,874 shares, compared to its average volume of 2,217,240. 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 50-day simple moving average of $110.58 and a 200-day simple moving average of $99.68. The firm has a market capitalization of $60.81 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26.

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

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Royal Bank of Canada boosted their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Barclays increased their target price on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Berenberg Bank lifted their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. 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 report on Monday, April 8th. Finally, KeyCorp upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.25.

Insider Buying and Selling

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 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 of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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.