White Pine Capital LLC Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

White Pine Capital LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,443 shares of the industrial products company’s stock after selling 2,409 shares during the period. Emerson Electric makes up approximately 0.8% of White Pine Capital LLC’s portfolio, making the stock its 29th biggest holding. White Pine Capital LLC’s holdings in Emerson Electric were worth $2,184,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tobam raised its stake in shares of 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 during the period. Tennessee Valley Asset Management Partners purchased a new position in shares of Emerson Electric in the 4th quarter valued at $35,000. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at $39,000. MCF Advisors LLC raised its stake in shares of Emerson Electric by 1,484.6% in the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 386 shares during the period. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of Emerson Electric in the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EMR shares. Bank of America raised their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Royal Bank of Canada raised their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. KeyCorp raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Berenberg Bank raised their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, UBS Group raised their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $116.25.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction dated 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 transaction, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Up 0.3 %

EMR stock traded up $0.29 during mid-day trading on Friday, hitting $109.89. 1,364,495 shares of the company were exchanged, compared to its average volume of 1,854,608. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26. The firm has a fifty day simple moving average of $110.38 and a 200 day simple moving average of $99.28. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $62.73 billion, a PE ratio of 5.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business posted $0.78 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, research analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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

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.