Sound Financial Strategies Group LLC Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

Sound Financial Strategies Group LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 35.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,156 shares of the industrial products company’s stock after selling 3,342 shares during the period. Sound Financial Strategies Group LLC’s holdings in Emerson Electric were worth $599,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tobam lifted its stake in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after buying an additional 273 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in Emerson Electric during the fourth quarter worth approximately $35,000. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the fourth quarter worth approximately $39,000. MCF Advisors LLC increased its position in Emerson Electric by 1,484.6% during the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC acquired a new position in Emerson Electric during the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

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 value of $248,973.34. Following the transaction, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by corporate insiders.

Emerson Electric Stock Performance

Shares of EMR stock traded down $0.15 during trading hours on Wednesday, reaching $109.62. The stock had a trading volume of 1,873,662 shares, compared to its average volume of 2,631,500. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26. The firm has a 50-day simple moving average of $110.23 and a 200-day simple moving average of $99.11. The firm has a market capitalization of $62.57 billion, a PE ratio of 5.71, a price-to-earnings-growth ratio of 1.88 and a beta of 1.37.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.92%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EMR shares. Barclays upped their price target on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Bank of America increased their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Royal Bank of Canada increased their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. UBS Group increased their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, KeyCorp increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $116.25.

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.