Emerson Electric Co. (NYSE:EMR) Shares Sold by Hyman Charles D

Hyman Charles D cut its stake in Emerson Electric Co. (NYSE:EMR) by 1.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 270,227 shares of the industrial products company’s stock after selling 4,244 shares during the quarter. Emerson Electric comprises about 1.6% of Hyman Charles D’s portfolio, making the stock its 20th largest holding. Hyman Charles D’s holdings in Emerson Electric were worth $26,301,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EMR. Concord Wealth Partners increased its stake in Emerson Electric by 13.0% in the third quarter. Concord Wealth Partners now owns 4,042 shares of the industrial products company’s stock valued at $390,000 after purchasing an additional 466 shares during the period. Lindbrook Capital LLC raised its stake in Emerson Electric by 50.7% during the 3rd quarter. Lindbrook Capital LLC now owns 1,621 shares of the industrial products company’s stock valued at $157,000 after acquiring an additional 545 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Emerson Electric by 52.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 406,809 shares of the industrial products company’s stock worth $39,286,000 after acquiring an additional 140,438 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Emerson Electric by 3.0% in the third quarter. Mackenzie Financial Corp now owns 51,474 shares of the industrial products company’s stock valued at $4,882,000 after purchasing an additional 1,504 shares during the period. Finally, FORVIS Wealth Advisors LLC raised its stake in shares of Emerson Electric by 1.0% during the third quarter. FORVIS Wealth Advisors LLC now owns 12,081 shares of the industrial products company’s stock worth $1,167,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $248,973.34. Following the transaction, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. KeyCorp upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Mizuho increased their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Barclays boosted their target price on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Bank of America raised 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, UBS Group increased their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $118.07.

Emerson Electric Price Performance

Shares of EMR stock traded up $5.25 during trading hours on Wednesday, hitting $112.65. The company’s stock had a trading volume of 6,046,909 shares, compared to its average volume of 2,820,472. 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 Co. has a twelve month low of $76.94 and a twelve month high of $115.26. The stock has a market cap of $64.30 billion, a price-to-earnings ratio of 5.87, a P/E/G ratio of 1.84 and a beta of 1.36. The business has a fifty day moving average of $110.61 and a 200-day moving average of $99.95.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $3.91 billion. During the same quarter last year, the business posted $0.78 earnings per share. Emerson Electric’s revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.86%. Emerson Electric’s payout ratio is 10.94%.

Emerson Electric Company 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.