Mosaic Family Wealth Partners LLC Lowers Stake in Emerson Electric Co. (NYSE:EMR)

Mosaic Family Wealth Partners LLC lessened its stake in Emerson Electric Co. (NYSE:EMR) by 0.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,911 shares of the industrial products company’s stock after selling 114 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Emerson Electric were worth $2,258,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Cypress Asset Management Inc. TX lifted its holdings in shares of Emerson Electric by 63.1% in the first quarter. Cypress Asset Management Inc. TX now owns 23,070 shares of the industrial products company’s stock worth $2,664,000 after buying an additional 8,925 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Emerson Electric by 21.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,487 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 262 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in Emerson Electric during the first quarter valued at $2,095,000. Alexander Labrunerie & CO. Inc. purchased a new stake in Emerson Electric during the first quarter valued at $203,000. Finally, Teachers Retirement System of The State of Kentucky raised its stake in Emerson Electric by 242.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 169,857 shares of the industrial products company’s stock valued at $19,265,000 after purchasing an additional 120,273 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 3.4 %

Emerson Electric stock traded down $3.88 during midday trading on Friday, hitting $109.21. 3,194,669 shares of the company’s stock were exchanged, compared to its average volume of 2,268,351. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The company has a market cap of $62.48 billion, a PE ratio of 5.84, a P/E/G ratio of 1.93 and a beta of 1.32. 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 of $111.33 and a two-hundred day moving average of $108.88.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analysts Set New Price Targets

EMR has been the topic of a number of recent research reports. Citigroup upped their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Loop Capital increased their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Mizuho increased their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Barclays increased their target price on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $123.44.

Emerson Electric Company 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.