Capital Asset Advisory Services LLC Decreases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Capital Asset Advisory Services LLC cut its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 18.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,849 shares of the industrial products company's stock after selling 8,151 shares during the quarter. Capital Asset Advisory Services LLC's holdings in Emerson Electric were worth $3,999,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stephens Consulting LLC bought a new position in shares of Emerson Electric during the 4th quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $25,000. Vega Investment Solutions purchased a new stake in Emerson Electric in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Emerson Electric in the 4th quarter worth approximately $28,000. Finally, YANKCOM Partnership purchased a new stake in shares of Emerson Electric during the 4th quarter valued at $30,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EMR has been the topic of several research reports. Morgan Stanley raised their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, Robert W. Baird lowered their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and an average price target of $134.65.

Emerson Electric Stock Performance

NYSE EMR traded up $1.29 during trading hours on Wednesday, hitting $121.68. 2,481,118 shares of the company's stock traded hands, compared to its average volume of 2,925,032. The business's fifty day moving average price is $108.91 and its two-hundred day moving average price is $118.64. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $68.45 billion, a P/E ratio of 29.04, a P/E/G ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85.

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

Emerson Electric Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction on Thursday, May 8th. The shares were 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 now owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company's stock.

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.