Ashton Thomas Private Wealth LLC Reduces Position in Emerson Electric Co. (NYSE:EMR)

Ashton Thomas Private Wealth LLC trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,269 shares of the industrial products company’s stock after selling 163 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Emerson Electric were worth $1,278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EMR. Lake Street Private Wealth LLC lifted its position in shares of Emerson Electric by 2.3% during the first quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 99 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in Emerson Electric by 1.7% in the 1st quarter. Harbour Capital Advisors LLC now owns 6,136 shares of the industrial products company’s stock valued at $695,000 after buying an additional 100 shares during the period. Financial Advocates Investment Management grew its stake in Emerson Electric by 1.0% in the 4th quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock worth $994,000 after acquiring an additional 101 shares in the last quarter. Chemung Canal Trust Co. increased its position in shares of Emerson Electric by 0.3% during the first quarter. Chemung Canal Trust Co. now owns 39,629 shares of the industrial products company’s stock worth $4,495,000 after acquiring an additional 103 shares during the period. Finally, Stonehearth Capital Management LLC boosted its holdings in shares of Emerson Electric by 3.3% in the first quarter. Stonehearth Capital Management LLC now owns 3,320 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 107 shares during the period. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EMR has been the topic of several research reports. Loop Capital raised their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Wells Fargo & Company lifted their price objective on Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. UBS Group increased their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Barclays boosted their price target on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and lifted their price objective for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $122.76.

Emerson Electric Stock Down 0.9 %

Shares of EMR stock traded down $0.96 during trading hours on Friday, reaching $108.60. 259,608 shares of the company’s stock were exchanged, compared to its average volume of 2,662,837. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $116.76. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The stock has a market cap of $62.13 billion, a PE ratio of 5.86, a PEG ratio of 1.87 and a beta of 1.32. The stock’s fifty day moving average price is $109.98 and its two-hundred day moving average price is $106.02.

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

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s payout ratio is 11.24%.

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.