Janiczek Wealth Management LLC Cuts Position in Emerson Electric Co. (NYSE:EMR)

Janiczek Wealth Management LLC trimmed its position in Emerson Electric Co. (NYSE:EMR) by 12.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,069 shares of the industrial products company’s stock after selling 151 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Emerson Electric were worth $121,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $764,604,000. Adage Capital Partners GP L.L.C. raised its stake in Emerson Electric by 255.5% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock valued at $270,771,000 after acquiring an additional 2,015,232 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Emerson Electric by 219.2% in the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after buying an additional 1,786,583 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Emerson Electric by 26.5% in the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after buying an additional 1,558,903 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after buying an additional 1,488,948 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

NYSE EMR traded up $1.75 on Thursday, hitting $107.87. 1,868,801 shares of the company’s stock were exchanged, compared to its average volume of 2,668,709. The stock has a 50-day moving average of $109.99 and a 200-day moving average of $105.43. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $116.76. The stock has a market cap of $61.71 billion, a price-to-earnings ratio of 5.76, a P/E/G ratio of 1.80 and a beta of 1.33.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. Emerson Electric’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. Analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a $0.525 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.95%. Emerson Electric’s payout ratio is 11.24%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays boosted their target price on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Citigroup upped their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Wells Fargo & Company upped their price target on Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America boosted their price objective on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, Berenberg Bank upped their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.76.

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.