Commonwealth Equity Services LLC Sells 32,604 Shares of Emerson Electric Co. (NYSE:EMR)

Commonwealth Equity Services LLC lessened its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 581,839 shares of the industrial products company's stock after selling 32,604 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.10% of Emerson Electric worth $63,793,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in Emerson Electric in the 4th quarter worth about $25,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric in the fourth quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric during the 1st quarter valued at approximately $28,000. Finally, Fourth Dimension Wealth LLC boosted its holdings 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 worth $29,000 after buying an additional 154 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Down 2.6%

Shares of EMR opened at $141.68 on Monday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The stock has a 50 day simple moving average of $133.64 and a two-hundred day simple moving average of $121.29. The firm has a market cap of $79.70 billion, a P/E ratio of 33.89, a P/E/G ratio of 2.75 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The firm's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal 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 issued a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.5%. Emerson Electric's dividend payout ratio is currently 50.48%.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Citigroup upped their price target on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Robert W. Baird cut their price objective 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. Finally, Bank of America raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $142.28.

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.

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