Axxcess Wealth Management LLC Has $5 Million Position in Emerson Electric Co. (NYSE:EMR)

Axxcess Wealth Management LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 15.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,627 shares of the industrial products company's stock after selling 8,485 shares during the quarter. Axxcess Wealth Management LLC's holdings in Emerson Electric were worth $5,003,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Unison Advisors LLC boosted its stake in Emerson Electric by 0.5% during the 4th quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock worth $2,629,000 after acquiring an additional 98 shares during the last quarter. Texas Yale Capital Corp. boosted its stake in Emerson Electric by 0.7% during the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after acquiring an additional 100 shares during the last quarter. Ecofi Investissements SA boosted its stake in Emerson Electric by 0.3% during the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock worth $4,111,000 after acquiring an additional 100 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in Emerson Electric by 5.3% in the first quarter. Rosenberg Matthew Hamilton now owns 2,017 shares of the industrial products company's stock valued at $221,000 after buying an additional 101 shares in the last quarter. Finally, Donaldson Capital Management LLC lifted its stake in Emerson Electric by 2.1% in the fourth quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company's stock valued at $655,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of EMR traded down $0.60 during trading hours on Friday, hitting $140.07. The company had a trading volume of 2,107,737 shares, compared to its average volume of 3,007,220. The firm has a market cap of $78.79 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 2.73 and a beta of 1.29. The business has a fifty day moving average of $125.11 and a 200-day moving average of $119.00. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $142.32. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company's revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 earnings per share. Equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.51%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Insider Activity at Emerson Electric

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday. Royal Bank Of Canada boosted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Robert W. Baird cut their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Finally, Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.83.

About Emerson Electric

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.