Stokes Family Office LLC Reduces Stock Position in Emerson Electric Co. (NYSE:EMR)

Stokes Family Office LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 37.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,631 shares of the industrial products company’s stock after selling 4,031 shares during the period. Stokes Family Office LLC’s holdings in Emerson Electric were worth $645,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EMR. Tobam grew its holdings in shares of Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in Emerson Electric in the fourth quarter worth about $35,000. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the fourth quarter worth about $39,000. MCF Advisors LLC lifted its stake in Emerson Electric by 1,484.6% in the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 386 shares during the period. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Emerson Electric in the third quarter worth about $42,000. Institutional investors own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In other 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 transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on EMR shares. Royal Bank of Canada increased their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Barclays increased 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 report on Tuesday, April 2nd. UBS Group increased their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Mizuho increased their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, KeyCorp increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $116.25.

Emerson Electric Stock Performance

NYSE:EMR traded up $0.13 during midday trading on Friday, hitting $106.54. The company’s stock had a trading volume of 5,925,874 shares, compared to its average volume of 2,217,240. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $115.26. The firm’s 50 day moving average is $110.57 and its 200-day moving average is $99.60. 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 $60.81 billion, a P/E ratio of 5.55, a P/E/G ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping 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 the consensus estimate of $3.91 billion. During the same quarter in the prior year, the company earned $0.78 EPS. Emerson Electric’s quarterly revenue was up 22.1% on a year-over-year basis. Equities analysts anticipate that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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

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.