Centerstone Investors LLC Sells 4,566 Shares of Emerson Electric Co. (NYSE:EMR)

Centerstone Investors LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 23.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,750 shares of the industrial products company's stock after selling 4,566 shares during the quarter. Emerson Electric comprises about 2.7% of Centerstone Investors LLC's holdings, making the stock its 14th largest position. Centerstone Investors LLC's holdings in Emerson Electric were worth $1,828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of EMR. Orion Capital Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth $25,000. Stephens Consulting LLC purchased a new position in Emerson Electric in the fourth quarter valued at about $25,000. Vega Investment Solutions purchased a new stake in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric in the 4th quarter valued at approximately $28,000. Finally, YANKCOM Partnership acquired a new position in Emerson Electric during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EMR. Robert W. Baird decreased their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Morgan Stanley boosted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. KeyCorp reduced their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Citigroup raised their target price on shares of Emerson Electric from $119.00 to $127.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $133.06.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

Emerson Electric Trading Down 0.7%

Shares of NYSE EMR traded down $0.81 during midday trading on Wednesday, hitting $120.16. The stock had a trading volume of 701,598 shares, compared to its average volume of 2,918,759. The firm has a market cap of $67.59 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company's 50-day simple moving average is $108.33 and its 200 day simple moving average is $118.95.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the company earned $1.36 EPS. The firm's revenue was up 1.3% on a year-over-year basis. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed 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. This represents a $2.11 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

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.