Continuum Advisory LLC Has $84,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Continuum Advisory LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 93.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 770 shares of the industrial products company's stock after selling 10,606 shares during the period. Continuum Advisory LLC's holdings in Emerson Electric were worth $84,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EMR. Orion Capital Management LLC acquired a new position in Emerson Electric during the fourth quarter worth approximately $25,000. Vega Investment Solutions acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric during the 4th quarter valued at $28,000. Inlight Wealth Management LLC bought a new position in Emerson Electric during the first quarter worth $28,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Emerson Electric in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on EMR shares. Citigroup increased their price target on shares of Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company upped their target price on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. lifted 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. Barclays upped their price objective on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a report on Monday, June 9th. Finally, Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $136.47.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $129.46 on Thursday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The stock has a market capitalization of $72.82 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 2.59 and a beta of 1.28. 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 company's 50 day simple moving average is $116.93 and its 200 day simple moving average is $118.20.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. Emerson Electric's revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 EPS. As a group, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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.

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