Sequoia Financial Advisors LLC Reduces Holdings in Emerson Electric Co. (NYSE:EMR)

Sequoia Financial Advisors LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 12.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,900 shares of the industrial products company’s stock after selling 2,139 shares during the period. Sequoia Financial Advisors LLC’s holdings in Emerson Electric were worth $1,690,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EMR. Tobam increased its position in shares of 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 during the last quarter. Accordant Advisory Group Inc acquired a new position in shares of Emerson Electric in the 1st quarter valued at about $29,000. Security National Bank acquired a new position in shares of Emerson Electric in the 4th quarter valued at about $29,000. Cape Investment Advisory Inc. boosted its holdings in shares of Emerson Electric by 148.0% in the 4th 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. Finally, Burkett Financial Services LLC acquired a new position in Emerson Electric during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EMR. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and upped their price target for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. UBS Group upped 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. Mizuho boosted their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Citigroup boosted their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.76.

Emerson Electric Stock Down 0.1 %

EMR stock traded down $0.10 during trading hours on Friday, hitting $109.46. The company’s stock had a trading volume of 1,468,588 shares, compared to its average volume of 2,114,307. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $62.62 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 1.87 and a beta of 1.32. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $116.76. The stock has a 50 day moving average price of $109.97 and a two-hundred day moving average price of $106.11.

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

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s payout ratio is currently 11.24%.

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.