Stockman Wealth Management Inc. Decreases Stake in Emerson Electric Co. (NYSE:EMR)

Stockman Wealth Management Inc. reduced its stake in Emerson Electric Co. (NYSE:EMR) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,581 shares of the industrial products company’s stock after selling 251 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Emerson Electric were worth $829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norden Group LLC purchased a new position in Emerson Electric during the 1st quarter worth approximately $231,000. Envestnet Portfolio Solutions Inc. raised its position in Emerson Electric by 5.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 22,927 shares of the industrial products company’s stock worth $2,600,000 after buying an additional 1,236 shares during the last quarter. PFG Advisors raised its position in Emerson Electric by 3.8% during the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after buying an additional 96 shares during the last quarter. Montag A & Associates Inc. raised its position in Emerson Electric by 122.4% during the 1st quarter. Montag A & Associates Inc. now owns 18,775 shares of the industrial products company’s stock worth $2,129,000 after buying an additional 10,333 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its position in Emerson Electric by 12.4% during the 1st quarter. Atomi Financial Group Inc. now owns 3,394 shares of the industrial products company’s stock worth $385,000 after buying an additional 375 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. KeyCorp lifted their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their target price for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Oppenheimer lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Barclays lifted their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.65.

Emerson Electric Price Performance

EMR traded up $0.07 on Friday, hitting $127.26. 2,748,179 shares of the company’s stock were exchanged, compared to its average volume of 2,680,459. Emerson Electric Co. has a fifty-two week low of $85.00 and a fifty-two week high of $128.56. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $108.39 and a 200-day moving average price of $109.30. The stock has a market cap of $72.88 billion, a price-to-earnings ratio of 37.21, a P/E/G ratio of 1.94 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. Emerson Electric’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 EPS. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s payout ratio is 61.40%.

Emerson Electric 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.