Private Advisor Group LLC Sells 20,344 Shares of Emerson Electric Co. (NYSE:EMR)

Private Advisor Group LLC reduced its position in Emerson Electric Co. (NYSE:EMR) by 25.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,262 shares of the industrial products company’s stock after selling 20,344 shares during the quarter. Private Advisor Group LLC’s holdings in Emerson Electric were worth $5,665,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of EMR. Spire Wealth Management raised its position in Emerson Electric by 5.2% in the 4th quarter. Spire Wealth Management now owns 8,165 shares of the industrial products company’s stock worth $775,000 after purchasing an additional 400 shares during the period. Connecticut Wealth Management LLC increased its holdings in shares of Emerson Electric by 16.9% in the fourth quarter. Connecticut Wealth Management LLC now owns 5,383 shares of the industrial products company’s stock worth $524,000 after buying an additional 777 shares during the period. Royal Fund Management LLC lifted its stake in shares of Emerson Electric by 5.8% in the 4th quarter. Royal Fund Management LLC now owns 39,239 shares of the industrial products company’s stock valued at $3,821,000 after acquiring an additional 2,160 shares during the last quarter. AJOVista LLC purchased a new stake in Emerson Electric during the 4th quarter valued at about $194,000. Finally, ARS Wealth Advisors Group LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $234,000. 74.30% of the stock is currently owned by institutional investors.

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 shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $112.65 on Thursday. The company has a market capitalization of $64.30 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. 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 one year low of $76.94 and a one year high of $115.26. The company’s 50-day moving average is $110.61 and its 200 day moving average is $99.95.

Emerson Electric (NYSE:EMR) last posted its quarterly 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 firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. Sell-side analysts expect that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.86%. Emerson Electric’s payout ratio is currently 10.94%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EMR. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and upped their target price for the company from $123.00 to $138.00 in a report on Thursday. Barclays raised their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. UBS Group boosted their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Mizuho lifted their price objective on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Bank of America increased their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.31.

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.