Emerson Electric Co. (NYSE:EMR) Shares Sold by Mosaic Family Wealth Partners LLC

Mosaic Family Wealth Partners LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 16.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,772 shares of the industrial products company's stock after selling 2,653 shares during the quarter. Mosaic Family Wealth Partners LLC's holdings in Emerson Electric were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in Emerson Electric in the fourth quarter valued at $25,000. Stephens Consulting LLC acquired a new position in Emerson Electric in the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric in the fourth quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric in the fourth quarter valued at $28,000. Finally, YANKCOM Partnership acquired a new position in Emerson Electric in the fourth quarter valued at $30,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction that occurred 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. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of several analyst reports. StockNews.com upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Citigroup boosted their price target on Emerson Electric from $119.00 to $127.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. KeyCorp lowered their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird lowered their price target on 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, Daiwa America raised Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Two equities research 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 company's stock. According to MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.06.

Emerson Electric Trading Down 1.5%

NYSE:EMR opened at $116.20 on Thursday. 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 Co. has a one year low of $90.06 and a one year high of $134.85. The business's 50-day simple moving average is $107.83 and its 200 day simple moving average is $119.06. The stock has a market cap of $65.36 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company's revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) 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.

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