Lockerman Financial Group Inc. Sells 193 Shares of Emerson Electric Co. (NYSE:EMR)

Lockerman Financial Group Inc. reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,350 shares of the industrial products company’s stock after selling 193 shares during the quarter. Lockerman Financial Group Inc.’s holdings in Emerson Electric were worth $267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tobam increased its holdings in Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares in the last quarter. Security National Bank acquired a new position in Emerson Electric in the 4th quarter worth about $29,000. Cape Investment Advisory Inc. increased its stake in shares of Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after buying an additional 188 shares during the period. Rise Advisors LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at about $36,000. Finally, Burkett Financial Services LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.6 %

NYSE:EMR traded up $1.74 on Friday, hitting $110.03. The stock had a trading volume of 289,195 shares, compared to its average volume of 2,662,456. The business’s fifty day moving average is $109.99 and its 200 day moving average is $105.43. The company has a market cap of $62.95 billion, a PE ratio of 5.79, a P/E/G ratio of 1.77 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 1.18 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.

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

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a $0.525 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EMR shares. Bank of America increased their price target on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Robert W. Baird decreased their price target on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Citigroup increased their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and raised their target price for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. Finally, Wells Fargo & Company raised their target price on Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.76.

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.