Emerson Electric Co. (NYSE:EMR) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,864 shares of the industrial products company’s stock after selling 720 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Emerson Electric were worth $960,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. RB Capital Management LLC boosted its position in shares of Emerson Electric by 3.0% in the first quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after buying an additional 155 shares during the period. Fairfield Bush & CO. acquired a new stake in shares of Emerson Electric in the first quarter worth $116,000. Prudential PLC acquired a new stake in shares of Emerson Electric in the first quarter worth $1,215,000. Sequoia Financial Advisors LLC boosted its position in shares of Emerson Electric by 17.5% in the first quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock worth $934,000 after buying an additional 1,418 shares during the period. Finally, Brighton Jones LLC boosted its position in shares of Emerson Electric by 31.8% in the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock worth $378,000 after buying an additional 931 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group lifted 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. KeyCorp lifted 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. Barclays lifted their price objective on Emerson Electric from $91.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday, February 8th. Royal Bank of Canada lifted 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, Wells Fargo & Company boosted their price target on Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 19th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Emerson Electric Trading Up 1.3 %

Shares of EMR opened at $113.45 on Thursday. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $113.46. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $64.76 billion, a price-to-earnings ratio of 5.91, a P/E/G ratio of 1.94 and a beta of 1.36. The stock’s 50-day moving average price is $103.91 and its 200 day moving average price is $96.90.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, research analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

Insider Buying and Selling at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.25% of the company’s stock.

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.