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

Financial Counselors Inc. trimmed its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 208,875 shares of the industrial products company's stock after selling 7,469 shares during the period. Financial Counselors Inc.'s holdings in Emerson Electric were worth $22,901,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Orion Capital Management LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $28,000. Inlight Wealth Management LLC bought a new position in shares of Emerson Electric in the first quarter valued at approximately $28,000. Finally, Fourth Dimension Wealth LLC raised its position in shares of Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Price Performance

NYSE EMR traded up $0.40 during trading on Tuesday, reaching $138.80. 3,312,511 shares of the company traded hands, compared to its average volume of 3,003,602. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The stock's 50 day moving average price is $122.42 and its two-hundred day moving average price is $118.50. The company has a market cap of $78.08 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 2.69 and a beta of 1.29. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $139.90.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its 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. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate 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 was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 EPS. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

Insiders Place Their Bets

In other 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 value of $1,892,384.34. Following the transaction, the chief executive officer owned 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EMR shares. Bank of America lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. KeyCorp boosted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Wells Fargo & Company lifted 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, Robert W. Baird cut their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fourteen 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 an average rating of "Moderate Buy" and a consensus target price of $139.21.

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.