Emerson Electric Co. (NYSE:EMR) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,864 shares of the industrial products company’s stock after selling 720 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Emerson Electric were worth $960,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its stake in shares of Emerson Electric by 105,280.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock worth $5,227,354,000 after acquiring an additional 54,365,954 shares in the last quarter. State Street Corp lifted its stake in Emerson Electric by 0.3% in the 2nd quarter. State Street Corp now owns 24,568,180 shares of the industrial products company’s stock valued at $2,220,718,000 after buying an additional 64,875 shares in the last quarter. Morgan Stanley boosted its holdings in Emerson Electric by 7.9% in the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after buying an additional 1,008,294 shares during the last quarter. Invesco Ltd. boosted its holdings in Emerson Electric by 16.9% in the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after buying an additional 1,184,202 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Emerson Electric by 26.5% in the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after buying an additional 1,558,903 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now directly 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 at the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Emerson Electric Stock Performance

NYSE EMR opened at $113.45 on Thursday. 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 1 year low of $76.94 and a 1 year high of $113.46. The company has a market capitalization of $64.76 billion, a PE ratio of 5.91, a P/E/G ratio of 1.94 and a beta of 1.36. The company has a fifty day moving average of $103.91 and a two-hundred day moving average of $96.90.

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

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors 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 annualized dividend and a yield of 1.85%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EMR. Royal Bank of Canada lifted their price objective on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Bank of America lifted their price objective on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Barclays lifted their price objective on Emerson Electric from $91.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. UBS Group boosted their target price on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, KeyCorp boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

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.