Court Place Advisors LLC Sells 250 Shares of Emerson Electric Co. (NYSE:EMR)

Court Place Advisors LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,859 shares of the industrial products company’s stock after selling 250 shares during the quarter. Court Place Advisors LLC’s holdings in Emerson Electric were worth $765,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. PFG Advisors grew its holdings in shares of Emerson Electric by 4.5% in the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock worth $243,000 after acquiring an additional 108 shares during the period. Accel Wealth Management grew its holdings in shares of Emerson Electric by 3.6% in the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock worth $315,000 after acquiring an additional 114 shares during the period. Silverlake Wealth Management LLC grew its holdings in shares of Emerson Electric by 2.8% in the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after acquiring an additional 115 shares during the period. Cooper Financial Group grew its holdings in shares of Emerson Electric by 2.4% in the fourth quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock worth $488,000 after acquiring an additional 120 shares during the period. Finally, Studio Investment Management LLC grew its holdings in shares of Emerson Electric by 2.3% in the fourth quarter. Studio Investment Management LLC now owns 5,363 shares of the industrial products company’s stock worth $515,000 after acquiring an additional 121 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of NYSE:EMR traded down $1.68 during mid-day trading on Wednesday, reaching $109.81. The stock had a trading volume of 2,316,755 shares, compared to its average volume of 2,671,557. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The company has a market cap of $62.68 billion, a P/E ratio of 5.81, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The business’s 50 day moving average price is $109.62 and its 200 day moving average price is $98.53.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. Research analysts expect that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Analyst Ratings Changes

Several research firms recently weighed in on EMR. UBS Group lifted their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Barclays lifted their target price on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Bank of America lifted their target price on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Mizuho lifted their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Berenberg Bank lifted their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $115.47.

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.25% of the stock is owned by company 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.