EP Wealth Advisors LLC Has $3.21 Million Stake in Emerson Electric Co. (NYSE:EMR)

EP Wealth Advisors LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,932 shares of the industrial products company's stock after selling 11,439 shares during the quarter. EP Wealth Advisors LLC's holdings in Emerson Electric were worth $3,214,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EMR. Stephens Consulting LLC acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the 4th quarter valued at approximately $28,000. YANKCOM Partnership acquired a new position in Emerson Electric during the 4th quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric during the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Stock Up 0.2%

Shares of EMR stock traded up $0.17 on Friday, reaching $112.55. 2,581,429 shares of the company's stock traded hands, compared to its average volume of 2,878,095. The business's 50 day moving average price is $106.79 and its two-hundred day moving average price is $118.59. The company has a market capitalization of $63.31 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the previous year, the business posted $1.36 EPS. The business's revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.87%. Emerson Electric's dividend payout ratio is 50.48%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EMR shares. Wells Fargo & Company boosted their price objective on Emerson Electric from $110.00 to $121.00 and gave the company an "overweight" rating in a research report on Thursday. Robert W. Baird lowered their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday. Royal Bank of Canada increased their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Morgan Stanley boosted their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $130.88.

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.