Comprehensive Financial Consultants Institutional Inc. Sells 163 Shares of Emerson Electric Co. (NYSE:EMR)

Comprehensive Financial Consultants Institutional Inc. lowered its position in Emerson Electric Co. (NYSE:EMR) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,392 shares of the industrial products company’s stock after selling 163 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Emerson Electric were worth $1,179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EMR. Tobam lifted its position in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares during the period. Accordant Advisory Group Inc bought a new position in shares of Emerson Electric during the 1st quarter worth approximately $29,000. Security National Bank bought a new position in shares of Emerson Electric during the 4th quarter worth approximately $29,000. Cape Investment Advisory Inc. lifted its position in shares of Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after buying an additional 188 shares during the period. Finally, Burkett Financial Services LLC bought a new position in shares of Emerson Electric during the 4th quarter worth approximately $32,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EMR. Robert W. Baird dropped their price target on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Mizuho raised their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Barclays raised their price target on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Redburn Atlantic assumed coverage on Emerson Electric in a report on Monday. They set a “buy” rating and a $135.00 price target for the company. Finally, Loop Capital lifted their target price on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.44.

Emerson Electric Trading Down 0.3 %

Shares of NYSE:EMR traded down $0.38 during midday trading on Tuesday, hitting $109.59. The company had a trading volume of 1,266,693 shares, compared to its average volume of 2,652,536. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $116.76. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The stock has a market cap of $62.70 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 1.87 and a beta of 1.32. The firm has a fifty day simple moving average of $110.01 and a 200 day simple moving average of $106.46.

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

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.92%. Emerson Electric’s dividend payout ratio is presently 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.