West Oak Capital LLC Reduces Stock Holdings in Emerson Electric Co. (NYSE:EMR)

West Oak Capital LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,633 shares of the industrial products company’s stock after selling 375 shares during the period. West Oak Capital LLC’s holdings in Emerson Electric were worth $1,957,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of EMR. Capstone Triton Financial Group LLC lifted its holdings in Emerson Electric by 1.0% in the third quarter. Capstone Triton Financial Group LLC now owns 11,747 shares of the industrial products company’s stock valued at $1,134,000 after acquiring an additional 113 shares during the last quarter. Guardian Wealth Advisors LLC NC grew its holdings in shares of Emerson Electric by 2.9% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 4,206 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 118 shares during the period. Cooper Financial Group increased its position in shares of Emerson Electric by 2.4% during the 4th quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock worth $488,000 after purchasing an additional 120 shares during the last quarter. Studio Investment Management LLC raised its holdings in Emerson Electric by 2.3% in the 4th quarter. Studio Investment Management LLC now owns 5,363 shares of the industrial products company’s stock valued at $515,000 after buying an additional 121 shares during the period. Finally, WealthBridge Capital Management LLC boosted its stake in Emerson Electric by 0.3% during the third quarter. WealthBridge Capital Management LLC now owns 36,902 shares of the industrial products company’s stock worth $3,564,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.2 %

Shares of NYSE:EMR traded up $0.21 on Thursday, hitting $113.66. 361,065 shares of the company’s stock were exchanged, compared to its average volume of 2,793,565. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $113.89. The company has a market capitalization of $64.88 billion, a PE ratio of 5.91, a P/E/G ratio of 1.95 and a beta of 1.36. The firm’s 50-day moving average is $103.91 and its 200 day moving average is $96.90.

Emerson Electric (NYSE:EMR) last announced 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. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 earnings per share. Sell-side analysts predict that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

Analyst Ratings Changes

EMR has been the topic of several recent analyst reports. 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 report on Thursday, February 8th. Mizuho raised their price target on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Bank of America boosted their price objective on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Berenberg Bank raised their target price on 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 boosted their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Insider Transactions at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through the SEC website. 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.