Emerson Electric Co. (NYSE:EMR) Shares Sold by Dakota Wealth Management

Dakota Wealth Management reduced its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 36.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,084 shares of the industrial products company's stock after selling 2,887 shares during the quarter. Dakota Wealth Management's holdings in Emerson Electric were worth $557,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Asahi Life Asset Management CO. LTD. bought a new stake in shares of Emerson Electric in the first quarter worth about $403,000. Apollon Wealth Management LLC raised its position in Emerson Electric by 1.6% during the 1st quarter. Apollon Wealth Management LLC now owns 33,128 shares of the industrial products company's stock valued at $3,632,000 after purchasing an additional 528 shares during the last quarter. Pioneer Trust Bank N A OR bought a new position in Emerson Electric during the 1st quarter valued at approximately $465,000. Hohimer Wealth Management LLC raised its position in Emerson Electric by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock valued at $3,066,000 after purchasing an additional 95 shares during the last quarter. Finally, Bogart Wealth LLC raised its position in Emerson Electric by 1.3% during the 1st quarter. Bogart Wealth LLC now owns 66,368 shares of the industrial products company's stock valued at $7,277,000 after purchasing an additional 865 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 0.2%

Shares of NYSE:EMR traded down $0.23 during trading hours on Friday, hitting $144.16. 1,918,367 shares of the company's stock traded hands, compared to its average volume of 3,001,461. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $145.23. The business has a fifty day moving average price of $127.64 and a 200-day moving average price of $119.42. The firm has a market capitalization of $81.09 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 2.72 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59.

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, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the prior year, the firm earned $1.36 earnings per share. Emerson Electric's revenue was up 1.3% compared to the same quarter last year. Equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company 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. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.46%. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

Analyst Upgrades and Downgrades

A number of research firms have commented on EMR. Bank of America upped their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Barclays increased their target price on Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company increased their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Finally, TD Cowen raised Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $142.28.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company'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 completion of the sale, the chief executive officer owned 164,957 shares in the company, valued at $18,694,576.81. This represents 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 at the SEC website. 0.50% of the stock is currently owned by company insiders.

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.