Greenwood Capital Associates LLC Sells 13,253 Shares of Emerson Electric Co. (NYSE:EMR)

Greenwood Capital Associates LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 23.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,163 shares of the industrial products company's stock after selling 13,253 shares during the period. Greenwood Capital Associates LLC's holdings in Emerson Electric were worth $4,623,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Emerson Electric by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after purchasing an additional 384,313 shares during the period. Geode Capital Management LLC raised its holdings in shares of Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after acquiring an additional 232,540 shares in the last quarter. Norges Bank acquired a new stake in Emerson Electric during the fourth quarter valued at $885,886,000. Northern Trust Corp increased its position in Emerson Electric by 5.9% in the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after purchasing an additional 370,560 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Emerson Electric by 4.1% during the 4th quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after buying an additional 171,946 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EMR has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. KeyCorp increased their target price on shares of Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday. Citigroup boosted their price target on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Barclays increased their target price on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research note on Monday. Finally, Robert W. Baird lowered their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $136.47.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is owned by insiders.

Emerson Electric Trading Down 1.0%

Shares of NYSE EMR traded down $1.26 during mid-day trading on Friday, hitting $125.46. The company's stock had a trading volume of 1,882,622 shares, compared to its average volume of 2,945,606. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The stock has a market cap of $70.57 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company's fifty day simple moving average is $111.72 and its 200-day simple moving average is $118.47. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85.

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

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.68%. Emerson Electric's payout ratio is presently 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.