Court Place Advisors LLC cut its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,859 shares of the industrial products company’s stock after selling 250 shares during the quarter. Court Place Advisors LLC’s holdings in Emerson Electric were worth $765,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of EMR. Tobam lifted its stake in Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares in the last quarter. Resurgent Financial Advisors LLC bought a new stake in Emerson Electric in the 4th quarter valued at approximately $32,000. Certified Advisory Corp bought a new stake in Emerson Electric in the 1st quarter valued at approximately $34,000. Tennessee Valley Asset Management Partners bought a new stake in Emerson Electric in the 4th quarter valued at approximately $35,000. Finally, Morton Brown Family Wealth LLC bought a new stake in Emerson Electric in the 4th quarter valued at approximately $39,000. Institutional investors own 74.30% of the company’s stock.
Insider Buying and Selling
In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by insiders.
Emerson Electric Price Performance
Emerson Electric (NYSE:EMR – Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the business earned $0.78 earnings per share. Emerson Electric’s revenue was up 22.1% on a year-over-year basis. On average, equities analysts anticipate that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 19th. Royal Bank of Canada upped their price objective on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Berenberg Bank upped their price objective on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. UBS Group upped their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Citigroup increased their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $115.47.
Read Our Latest Analysis on EMR
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.
Read More
- Five stocks we like better than Emerson Electric
- What is the Shanghai Stock Exchange Composite Index?
- United Airlines Soars on Earnings Beat
- The 3 Best Retail Stocks to Shop for in August
- J.B. Hunt Hits the Skids: Lower Prices to Come
- What is a Low P/E Ratio and What Does it Tell Investors?
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.