Principle Wealth Partners LLC Sells 372 Shares of Emerson Electric Co. (NYSE:EMR)

Principle Wealth Partners LLC cut its position in Emerson Electric Co. (NYSE:EMR) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,224 shares of the industrial products company’s stock after selling 372 shares during the period. Principle Wealth Partners LLC’s holdings in Emerson Electric were worth $3,623,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Morgan Stanley increased its stake in shares of Emerson Electric by 7.9% in the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after buying an additional 1,008,294 shares during the period. Invesco Ltd. increased its stake in shares of Emerson Electric by 16.9% in the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after buying an additional 1,184,202 shares during the period. Nordea Investment Management AB increased its stake in shares of Emerson Electric by 26.5% in the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after buying an additional 1,558,903 shares during the period. Northern Trust Corp increased its stake in shares of Emerson Electric by 2.4% in the third quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock valued at $692,176,000 after buying an additional 168,783 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Emerson Electric by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 5,865,155 shares of the industrial products company’s stock valued at $566,398,000 after buying an additional 165,249 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 0.3 %

Shares of EMR stock traded up $0.29 during trading hours on Friday, reaching $109.89. The company had a trading volume of 1,364,495 shares, compared to its average volume of 1,854,608. 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 current ratio of 1.12 and a quick ratio of 0.80. The business has a fifty day simple moving average of $110.38 and a 200-day simple moving average of $99.30. The company has a market cap of $62.73 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 (NYSE:EMR) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share 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 for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the company earned $0.78 earnings per share. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, research analysts expect 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 dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. Emerson Electric’s payout ratio is 10.94%.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EMR has been the subject of several recent research reports. Mizuho increased their price target on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note 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 research note on Monday, April 8th. Bank of America raised their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. KeyCorp raised their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada raised their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $116.25.

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.