Schechter Investment Advisors LLC Trims Holdings in Emerson Electric Co. (NYSE:EMR)

Schechter Investment Advisors LLC cut its stake in Emerson Electric Co. (NYSE:EMR) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC boosted its stake in Emerson Electric by 105,280.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock valued at $5,227,354,000 after buying an additional 54,365,954 shares during the period. Norges Bank bought a new stake in Emerson Electric during the fourth quarter worth about $702,606,000. Morgan Stanley lifted its stake in Emerson Electric by 28.4% during the fourth quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock worth $1,136,909,000 after purchasing an additional 2,621,089 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Emerson Electric by 255.5% during the third quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock worth $270,771,000 after purchasing an additional 2,015,232 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after purchasing an additional 1,558,903 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Mizuho lifted their price target on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Berenberg Bank boosted their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Bank of America boosted their target price on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. UBS Group boosted their price target on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, Royal Bank of Canada boosted their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $113.00.

Emerson Electric Price Performance

NYSE EMR opened at $113.45 on Thursday. The business’s fifty day moving average price is $103.91 and its 200-day moving average price is $96.90. The stock has a market capitalization of $64.76 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 1.94 and a beta of 1.36. 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.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share 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 analysts’ expectations of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. On average, equities analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.85%. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by company insiders.

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.