Cantor Fitzgerald Investment Advisors L.P. Sells 28,854 Shares of Emerson Electric Co. (NYSE:EMR)

Cantor Fitzgerald Investment Advisors L.P. reduced its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,203 shares of the industrial products company's stock after selling 28,854 shares during the period. Emerson Electric makes up about 1.3% of Cantor Fitzgerald Investment Advisors L.P.'s portfolio, making the stock its 21st biggest holding. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Emerson Electric were worth $17,784,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new position in Emerson Electric in the 4th quarter valued at about $28,000. Ameriflex Group Inc. acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. boosted its position in shares of Emerson Electric by 208.2% during the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company's stock worth $37,000 after acquiring an additional 202 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. KeyCorp upped their target price on Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, June 13th. Barclays upped their price objective on Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research report on Monday, June 9th. Royal Bank Of Canada upped 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. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, Robert W. Baird dropped their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $136.47.

Emerson Electric Stock Up 0.9%

Emerson Electric stock opened at $128.54 on Friday. The firm has a 50 day moving average price of $114.58 and a two-hundred day moving average price of $118.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The firm has a market cap of $72.31 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 2.54 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $1.36 EPS. Equities analysts predict 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. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.64%. Emerson Electric's payout ratio is presently 50.48%.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company'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 transaction of $1,892,384.34. Following the transaction, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

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.

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