Emerson Electric Co. (NYSE:EMR) Stock Holdings Lessened by Principle Wealth Partners LLC

Principle Wealth Partners LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,224 shares of the industrial products company’s stock after selling 372 shares during the quarter. Principle Wealth Partners LLC’s holdings in Emerson Electric were worth $3,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in EMR. Tobam lifted its position in shares of Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Emerson Electric in the fourth quarter worth approximately $35,000. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric in the fourth quarter worth approximately $39,000. MCF Advisors LLC increased its holdings in Emerson Electric by 1,484.6% in the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after buying an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC acquired a new position in Emerson Electric in the third quarter worth approximately $42,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of NYSE EMR traded up $0.29 during midday trading on Friday, reaching $109.89. 1,364,495 shares of the company traded hands, compared to its average volume of 1,854,608. The firm has a market cap of $62.73 billion, a PE ratio of 5.72, a PEG ratio of 1.90 and a beta of 1.37. The stock’s 50-day simple moving average is $110.38 and its 200-day simple moving average is $99.30. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the business earned $0.78 earnings per share. The business’s revenue was up 22.1% on a year-over-year basis. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Citigroup increased their price objective on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Barclays increased their price objective on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. KeyCorp increased their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Royal Bank of Canada increased their price objective on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, UBS Group increased their price objective on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.25.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by corporate insiders.

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.