Hengehold Capital Management LLC Sells 39,581 Shares of Emerson Electric Co. (NYSE:EMR)

Hengehold Capital Management LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 65.1% in the first quarter, HoldingsChannel.com reports. The fund owned 21,249 shares of the industrial products company’s stock after selling 39,581 shares during the quarter. Hengehold Capital Management LLC’s holdings in Emerson Electric were worth $2,330,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of EMR. Brighton Jones LLC lifted its position in shares of Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after buying an additional 4,850 shares during the last quarter. Catalyst Financial Partners LLC lifted its position in shares of Emerson Electric by 5.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 2,719 shares of the industrial products company’s stock worth $337,000 after buying an additional 130 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Emerson Electric by 5.5% during the 4th quarter. Vontobel Holding Ltd. now owns 171,546 shares of the industrial products company’s stock worth $21,260,000 after buying an additional 8,971 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of Emerson Electric by 6.5% during the 4th quarter. V Square Quantitative Management LLC now owns 4,235 shares of the industrial products company’s stock worth $525,000 after buying an additional 258 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. increased its holdings in Emerson Electric by 5.0% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 116,664 shares of the industrial products company’s stock worth $14,458,000 after purchasing an additional 5,544 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EMR shares. KeyCorp upped their target price on Emerson Electric from $125.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday. Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Royal Bank of Canada upped their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Barclays upped their target price on Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a report on Monday, June 9th. Finally, Citigroup upped 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.47.

Emerson Electric Trading Down 1.0%

NYSE EMR opened at $125.45 on Friday. The business has a 50 day simple moving average of $112.36 and a 200 day simple moving average of $118.32. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The stock has a market capitalization of $70.57 billion, a P/E ratio of 29.94, a P/E/G ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping 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 business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. Research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.68%. Emerson Electric’s payout ratio is currently 50.48%.

Insiders Place Their Bets

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

Emerson Electric 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.