Geneos Wealth Management Inc. Has $4.97 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Geneos Wealth Management Inc. reduced its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 4.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 43,896 shares of the industrial products company's stock after selling 1,996 shares during the period. Geneos Wealth Management Inc.'s holdings in Emerson Electric were worth $4,967,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Hohimer Wealth Management LLC raised its holdings in Emerson Electric by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock valued at $3,066,000 after acquiring an additional 95 shares in the last quarter. Unison Advisors LLC increased its stake in 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 during the last quarter. One Wealth Advisors LLC raised its holdings in shares of Emerson Electric by 5.7% during the first quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock worth $202,000 after purchasing an additional 99 shares during the period. Texas Yale Capital Corp. lifted its position in shares of Emerson Electric by 0.7% in the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after buying an additional 100 shares during the last quarter. Finally, Ecofi Investissements SA grew its position in shares of Emerson Electric by 0.3% during the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock valued at $4,111,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays upped their target price on Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a report on Wednesday, July 9th. Stephens upped their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada raised their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. KeyCorp increased their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, Wells Fargo & Company boosted their price target on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $142.28.

Emerson Electric Stock Down 2.6%

Shares of EMR stock traded down $3.83 on Friday, hitting $141.68. The company's stock had a trading volume of 4,078,731 shares, compared to its average volume of 2,776,646. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The stock has a market capitalization of $79.70 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 2.82 and a beta of 1.29. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The firm's fifty day moving average price is $133.64 and its 200-day moving average price is $121.30.

Emerson Electric (NYSE:EMR - Get Free Report) last issued 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. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the firm posted $1.36 EPS. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric's payout ratio is presently 50.48%.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.50% of the company's stock.

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.