Symphony Financial Ltd. Co. Sells 106 Shares of Emerson Electric Co. (NYSE:EMR)

Symphony Financial Ltd. Co. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.7% in the 1st quarter, HoldingsChannel reports. The firm owned 2,790 shares of the industrial products company’s stock after selling 106 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Emerson Electric were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in EMR. Chemung Canal Trust Co. raised its stake in shares of Emerson Electric by 0.3% in the first quarter. Chemung Canal Trust Co. now owns 39,629 shares of the industrial products company’s stock valued at $4,495,000 after buying an additional 103 shares during the period. Griffin Asset Management Inc. raised its position in shares of Emerson Electric by 70.5% in the first quarter. Griffin Asset Management Inc. now owns 12,641 shares of the industrial products company’s stock valued at $1,434,000 after purchasing an additional 5,225 shares during the period. Occidental Asset Management LLC lifted its stake in shares of Emerson Electric by 7.9% during the 1st quarter. Occidental Asset Management LLC now owns 29,959 shares of the industrial products company’s stock valued at $3,398,000 after buying an additional 2,184 shares in the last quarter. Firethorn Wealth Partners LLC bought a new position in Emerson Electric in the 1st quarter worth approximately $214,000. Finally, Harbour Capital Advisors LLC raised its holdings in Emerson Electric by 1.7% during the 1st quarter. Harbour Capital Advisors LLC now owns 6,136 shares of the industrial products company’s stock valued at $695,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Mizuho lifted their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. UBS Group increased their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Bank of America boosted their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. 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 report on Monday, April 8th. Finally, Barclays upped their price target on shares of Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.76.

Emerson Electric Price Performance

NYSE:EMR traded up $1.87 during mid-day trading on Friday, reaching $110.16. The stock had a trading volume of 4,756,234 shares, compared to its average volume of 2,308,747. Emerson Electric Co. has a one year low of $83.10 and a one year high of $116.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The firm has a 50 day moving average price of $110.00 and a two-hundred day moving average price of $105.70. The stock has a market capitalization of $63.02 billion, a P/E ratio of 5.89, a P/E/G ratio of 1.81 and a beta of 1.33.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 EPS. As a group, analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a $0.525 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio is currently 11.24%.

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.