Emerson Electric Co. (NYSE:EMR) Stock Holdings Lowered by Vantage Wealth

Vantage Wealth lessened its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 172,010 shares of the industrial products company's stock after selling 2,145 shares during the period. Emerson Electric accounts for approximately 4.3% of Vantage Wealth's investment portfolio, making the stock its 9th biggest position. Vantage Wealth's holdings in Emerson Electric were worth $18,859,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Stokes Family Office LLC lifted its position in Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after buying an additional 4,480 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after purchasing an additional 6,321 shares during the period. Clark Capital Management Group Inc. increased its holdings in Emerson Electric by 7.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after purchasing an additional 434 shares during the last quarter. World Investment Advisors lifted its stake in Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after purchasing an additional 6,079 shares in the last quarter. Finally, Howland Capital Management LLC raised its holdings in shares of Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after buying an additional 3,054 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EMR has been the topic of several recent research reports. Citigroup upped their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday. KeyCorp dropped their price target 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. Robert W. Baird decreased their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Barclays lifted their price objective on shares of Emerson Electric from $104.00 to $112.00 and gave the company an "underweight" rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target of $134.65.

Emerson Electric Trading Up 0.7%

Emerson Electric stock traded up $0.83 during trading on Thursday, hitting $122.44. The company's stock had a trading volume of 2,783,336 shares, compared to its average volume of 2,924,207. The stock's fifty day moving average is $109.17 and its 200 day moving average is $118.66. 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 $68.87 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

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 for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the firm posted $1.36 EPS. The company's revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company 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. 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 1.72%. Emerson Electric's payout ratio is 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.