Forza Wealth Management LLC Lowers Position in Emerson Electric Co. (NYSE:EMR)

Forza Wealth Management LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,160 shares of the industrial products company’s stock after selling 100 shares during the period. Emerson Electric makes up approximately 1.0% of Forza Wealth Management LLC’s portfolio, making the stock its 26th biggest holding. Forza Wealth Management LLC’s holdings in Emerson Electric were worth $1,946,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Lake Street Private Wealth LLC raised its stake in Emerson Electric by 2.3% during the 1st quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company’s stock valued at $500,000 after buying an additional 99 shares during the last quarter. Harbour Capital Advisors LLC grew its holdings in shares of Emerson Electric by 1.7% in the first quarter. Harbour Capital Advisors LLC now owns 6,136 shares of the industrial products company’s stock worth $695,000 after acquiring an additional 100 shares during the period. Financial Advocates Investment Management increased its position in Emerson Electric by 1.0% during the fourth quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock valued at $994,000 after acquiring an additional 101 shares during the last quarter. Chemung Canal Trust Co. lifted its holdings in Emerson Electric by 0.3% in the first quarter. Chemung Canal Trust Co. now owns 39,629 shares of the industrial products company’s stock valued at $4,495,000 after acquiring an additional 103 shares during the period. Finally, Stonehearth Capital Management LLC boosted its position in Emerson Electric by 3.3% in the first quarter. Stonehearth Capital Management LLC now owns 3,320 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 107 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 0.1 %

Shares of NYSE EMR traded down $0.13 during mid-day trading on Monday, reaching $109.76. The company had a trading volume of 2,057,847 shares, compared to its average volume of 2,597,844. The stock has a market cap of $62.65 billion, a price-to-earnings ratio of 5.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $115.26. The business’s 50-day moving average is $110.46 and its 200-day moving average is $99.42. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last issued its 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. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. Equities analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research reports. Barclays raised their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. KeyCorp boosted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Citigroup raised their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Bank of America boosted their price target on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Berenberg Bank raised 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. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.25.

Insider Activity at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were 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 owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.