Emerson Electric Co. (NYSE:EMR) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lowered its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,677 shares of the industrial products company's stock after selling 2,258 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in Emerson Electric were worth $10,490,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Trust Co. of Vermont raised its stake in Emerson Electric by 1.1% during the 1st quarter. Trust Co. of Vermont now owns 156,258 shares of the industrial products company's stock worth $17,132,000 after acquiring an additional 1,761 shares in the last quarter. First Merchants Corp boosted its position in shares of Emerson Electric by 37.4% in the 1st quarter. First Merchants Corp now owns 5,516 shares of the industrial products company's stock valued at $605,000 after purchasing an additional 1,500 shares during the period. Perpetual Ltd grew its stake in Emerson Electric by 4.1% during the 1st quarter. Perpetual Ltd now owns 1,180,255 shares of the industrial products company's stock worth $129,403,000 after buying an additional 46,281 shares during the last quarter. PDS Planning Inc lifted its stake in Emerson Electric by 4.5% in the first quarter. PDS Planning Inc now owns 6,163 shares of the industrial products company's stock valued at $676,000 after buying an additional 265 shares during the last quarter. Finally, KPP Advisory Services LLC boosted its holdings in shares of Emerson Electric by 295.8% in the first quarter. KPP Advisory Services LLC now owns 7,662 shares of the industrial products company's stock valued at $840,000 after acquiring an additional 5,726 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Citigroup upped their target price 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. Royal Bank Of Canada raised their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Wells Fargo & Company upped their price objective on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. increased their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, four have issued 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.47.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 of the company's stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $132.88 on Friday. The firm's fifty day simple moving average is $117.60 and its 200-day simple moving average is $118.21. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The stock has a market cap of $74.75 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 2.56 and a beta of 1.28. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results 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. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates 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 for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 earnings per share. Analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

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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