Financial Counselors Inc. Sells 7,469 Shares of Emerson Electric Co. (NYSE:EMR)

Financial Counselors Inc. lowered its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 208,875 shares of the industrial products company's stock after selling 7,469 shares during the quarter. Financial Counselors Inc.'s holdings in Emerson Electric were worth $22,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Unison Advisors LLC boosted its position in shares of Emerson Electric by 0.5% during the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after purchasing an additional 98 shares in the last quarter. Texas Yale Capital Corp. boosted its holdings in Emerson Electric by 0.7% in the fourth quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after acquiring an additional 100 shares in the last quarter. Ecofi Investissements SA boosted its holdings in Emerson Electric by 0.3% in the fourth quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock worth $4,111,000 after acquiring an additional 100 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in Emerson Electric by 5.3% in the first quarter. Rosenberg Matthew Hamilton now owns 2,017 shares of the industrial products company's stock worth $221,000 after acquiring an additional 101 shares in the last quarter. Finally, Donaldson Capital Management LLC boosted its holdings in Emerson Electric by 2.1% in the fourth quarter. Donaldson Capital Management LLC now owns 5,288 shares of the industrial products company's stock worth $655,000 after acquiring an additional 107 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Performance

Emerson Electric stock traded up $0.44 during mid-day trading on Wednesday, reaching $139.17. 698,804 shares of the stock traded hands, compared to its average volume of 2,994,572. The stock has a market capitalization of $78.28 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 2.69 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 Co. has a 12-month low of $90.06 and a 12-month high of $139.90. The business's 50-day moving average is $123.09 and its 200-day moving average is $118.64.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating 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 for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 earnings per share. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Analyst Upgrades and Downgrades

EMR has been the topic of several analyst reports. Wells Fargo & Company boosted their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Robert W. Baird dropped their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Citigroup boosted their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average price target of $139.83.

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 dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by 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.