Axxcess Wealth Management LLC Sells 8,485 Shares of Emerson Electric Co. (NYSE:EMR)

Axxcess Wealth Management LLC lessened its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 15.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,627 shares of the industrial products company's stock after selling 8,485 shares during the period. Axxcess Wealth Management LLC's holdings in Emerson Electric were worth $5,003,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EMR. Orion Capital Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth about $25,000. Vega Investment Solutions bought a new stake in Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Emerson Electric during the 4th quarter worth approximately $28,000. Inlight Wealth Management LLC bought a new stake in Emerson Electric during the 1st quarter worth approximately $28,000. Finally, Fourth Dimension Wealth LLC boosted its position in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after buying an additional 154 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the subject of a number of research analyst reports. Robert W. Baird reduced their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Citigroup increased their price objective on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. KeyCorp increased their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday. Finally, Wells Fargo & Company lifted their target price 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target of $139.83.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer directly owned 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Stock Up 0.6%

Shares of EMR traded up $0.84 during midday trading on Thursday, reaching $140.64. 2,237,601 shares of the stock were exchanged, compared to its average volume of 3,007,734. The firm has a 50 day simple moving average of $123.79 and a 200-day simple moving average of $118.78. 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 Co. has a 12-month low of $90.06 and a 12-month high of $142.31. The company has a market cap of $79.11 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 2.69 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The business's revenue was up 1.3% on a year-over-year basis. Research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.50%. Emerson Electric's payout ratio is 50.48%.

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.