Victory Capital Management Inc. Sells 12,999 Shares of Emerson Electric Co. (NYSE:EMR)

Victory Capital Management Inc. lessened its stake in Emerson Electric Co. (NYSE:EMR) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 225,995 shares of the industrial products company’s stock after selling 12,999 shares during the period. Victory Capital Management Inc.’s holdings in Emerson Electric were worth $21,996,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. PFG Advisors boosted its stake in Emerson Electric by 4.5% in the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after buying an additional 108 shares in the last quarter. Accel Wealth Management increased its position in shares of Emerson Electric by 3.6% during the 4th quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC lifted its holdings in Emerson Electric by 5.3% during the 4th quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 114 shares during the last quarter. Silverlake Wealth Management LLC boosted its position in 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 valued at $414,000 after buying an additional 115 shares in the last quarter. Finally, Cooper Financial Group increased its holdings in shares of Emerson Electric by 2.4% during the fourth quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock worth $488,000 after buying an additional 120 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s 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 sale, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

NYSE EMR opened at $112.65 on Thursday. The company has a market capitalization of $64.30 billion, a PE ratio of 5.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. The firm’s 50 day moving average is $110.61 and its 200-day moving average is $99.95. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data 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 company had revenue of $4.12 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. Equities research analysts anticipate that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.86%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup lifted their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Barclays boosted their price objective on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Bank of America lifted their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. 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 report on Thursday, February 8th. Finally, Berenberg Bank upped their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.07.

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.