Ferguson Wellman Capital Management Inc. Sells 35,882 Shares of Emerson Electric Co. (NYSE:EMR)

Ferguson Wellman Capital Management Inc. cut its holdings in Emerson Electric Co. (NYSE:EMR) by 11.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 285,657 shares of the industrial products company’s stock after selling 35,882 shares during the quarter. Ferguson Wellman Capital Management Inc. owned about 0.05% of Emerson Electric worth $31,319,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Stokes Family Office LLC grew its stake in shares of Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock worth $1,141,000 after purchasing an additional 4,480 shares during the period. Clark Capital Management Group Inc. grew its position in shares of Emerson Electric by 7.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company’s stock worth $749,000 after buying an additional 434 shares during the period. World Investment Advisors increased its stake in shares of Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock valued at $2,581,000 after acquiring an additional 6,079 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock valued at $1,443,725,000 after acquiring an additional 232,540 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Emerson Electric during the 4th quarter worth approximately $297,947,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $126.55 on Thursday. The firm has a market cap of $71.18 billion, a PE ratio of 30.20, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company’s fifty day simple moving average is $111.13 and its 200-day simple moving average is $118.51. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the company earned $1.36 EPS. Emerson Electric’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Friday, May 16th. Emerson Electric’s dividend payout ratio is currently 50.48%.

Analysts Set New Price Targets

EMR has been the topic of several analyst reports. Royal Bank of Canada increased their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Citigroup lifted their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Barclays increased their price target on Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a report on Monday. Finally, Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.00.

Insider Activity

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by insiders.

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.