TrueWealth Advisors LLC Cuts Stock Position in Emerson Electric Co. (NYSE:EMR)

TrueWealth Advisors LLC reduced its position in Emerson Electric Co. (NYSE:EMR) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,175 shares of the industrial products company’s stock after selling 302 shares during the quarter. TrueWealth Advisors LLC’s holdings in Emerson Electric were worth $238,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EMR. Orion Capital Management LLC purchased a new stake in Emerson Electric in the 4th quarter valued at $25,000. Vega Investment Solutions acquired a new position in Emerson Electric during the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric in the 4th quarter valued at about $28,000. Ameriflex Group Inc. acquired a new stake in Emerson Electric in the 4th quarter valued at about $30,000. Finally, YANKCOM Partnership acquired a new stake in Emerson Electric in the 4th quarter valued at about $30,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EMR. JPMorgan Chase & Co. raised their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Citigroup lifted their target price on Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Barclays lifted their price target on Emerson Electric from $104.00 to $112.00 and gave the company an “underweight” rating in a research note on Friday, May 30th. Finally, Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.65.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $121.68 on Thursday. The firm has a market capitalization of $68.45 billion, a P/E ratio of 29.04, a PEG ratio of 2.49 and a beta of 1.26. The stock has a fifty day moving average price of $109.17 and a 200 day moving average price of $118.66. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the business earned $1.36 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric’s payout ratio is 50.48%.

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.