Stack Financial Management Inc Sells 5,392 Shares of Emerson Electric Co. (NYSE:EMR)

Stack Financial Management Inc decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,645 shares of the industrial products company’s stock after selling 5,392 shares during the period. Emerson Electric comprises 1.7% of Stack Financial Management Inc’s portfolio, making the stock its 28th largest holding. Stack Financial Management Inc’s holdings in Emerson Electric were worth $15,052,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Waverly Advisors LLC raised its position in Emerson Electric by 100.2% in the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock worth $1,460,000 after acquiring an additional 7,565 shares during the period. Blackston Financial Advisory Group LLC purchased a new stake in shares of Emerson Electric in the fourth quarter worth $241,000. FMR LLC increased its stake in shares of Emerson Electric by 1.3% in the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock worth $312,278,000 after purchasing an additional 41,263 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Emerson Electric in the third quarter worth $320,000. Finally, Capital Advisors Inc. OK increased its stake in shares of Emerson Electric by 821.0% in the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock worth $8,393,000 after purchasing an additional 76,868 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric 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 completion of the sale, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research analyst reports. Citigroup raised their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada raised their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. KeyCorp lifted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Berenberg Bank lifted their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, UBS Group lifted their price objective 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 research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $116.25.

Emerson Electric Trading Up 0.6 %

EMR traded up $0.69 on Friday, reaching $110.29. 361,513 shares of the company traded hands, compared to its average volume of 2,590,875. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26. The firm has a fifty day simple moving average of $110.31 and a two-hundred day simple moving average of $99.19. The company has a market cap of $62.95 billion, a P/E ratio of 5.71, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm posted $0.78 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities research analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s payout ratio is currently 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.