Emerson Electric Co. (NYSE:EMR) Shares Sold by Forza Wealth Management LLC

Forza Wealth Management LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 0.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 17,160 shares of the industrial products company’s stock after selling 100 shares during the period. Emerson Electric accounts for approximately 1.0% of Forza Wealth Management LLC’s investment portfolio, making the stock its 26th largest position. Forza Wealth Management LLC’s holdings in Emerson Electric were worth $1,946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Strategic Blueprint LLC grew its position in Emerson Electric by 11.1% in the third quarter. Strategic Blueprint LLC now owns 7,038 shares of the industrial products company’s stock worth $680,000 after acquiring an additional 701 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Emerson Electric by 3.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 252,866 shares of the industrial products company’s stock worth $24,419,000 after purchasing an additional 8,152 shares during the last quarter. Connecticut Wealth Management LLC raised its holdings in Emerson Electric by 62.6% in the 3rd quarter. Connecticut Wealth Management LLC now owns 4,606 shares of the industrial products company’s stock valued at $445,000 after buying an additional 1,774 shares during the period. TFG Advisers LLC acquired a new position in Emerson Electric in the third quarter valued at about $204,000. Finally, Trust Co. of Toledo NA OH boosted its stake in Emerson Electric by 25.7% during the third quarter. Trust Co. of Toledo NA OH now owns 17,764 shares of the industrial products company’s stock worth $1,715,000 after buying an additional 3,634 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on EMR. UBS Group upped their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Royal Bank of Canada increased their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. 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. KeyCorp increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Citigroup upped their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $116.25.

Emerson Electric Stock Down 0.1 %

Shares of NYSE:EMR traded down $0.13 during trading hours on Monday, reaching $109.76. The stock had a trading volume of 2,057,847 shares, compared to its average volume of 2,597,844. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The firm’s 50 day moving average is $110.46 and its 200-day moving average is $99.42. The stock has a market capitalization of $62.65 billion, a price-to-earnings ratio of 5.72, a P/E/G ratio of 1.90 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12.

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

Emerson Electric Dividend Announcement

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

Insider Buying and Selling at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% 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.