HB Wealth Management LLC Has $2.85 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Key Points

• HB Wealth Management LLC reduced its stake in Emerson Electric Co. by 11.6% in the first quarter, holding 25,971 shares worth approximately $2.85 million after selling 3,403 shares.
• Emerson Electric reported a quarterly earnings per share of $1.48, surpassing expectations, with revenues of $4.43 billion, reflecting a 1.3% increase compared to the prior year.
• The company recently declared a quarterly dividend of $0.5275, resulting in an annualized yield of 1.41% and a payout ratio of 50.48%.

HB Wealth Management LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 11.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,971 shares of the industrial products company's stock after selling 3,403 shares during the quarter. HB Wealth Management LLC's holdings in Emerson Electric were worth $2,847,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EMR. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Emerson Electric by 3,866.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock valued at $374,581,000 after purchasing an additional 2,946,310 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Emerson Electric by 4,583.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock worth $239,569,000 after acquiring an additional 2,138,397 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Emerson Electric by 210.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock worth $215,602,000 after acquiring an additional 1,333,839 shares during the period. GAMMA Investing LLC grew its holdings in Emerson Electric by 12,707.7% during the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock worth $123,503,000 after acquiring an additional 1,117,646 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in Emerson Electric by 230,061.8% during the 4th quarter. Lazard Asset Management LLC now owns 819,376 shares of the industrial products company's stock worth $101,545,000 after acquiring an additional 819,020 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 0.1%

EMR traded up $0.10 during trading on Thursday, hitting $146.16. The company had a trading volume of 1,122,286 shares, compared to its average volume of 3,053,264. The company has a market capitalization of $82.21 billion, a PE ratio of 34.99, a PEG ratio of 2.86 and a beta of 1.29. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The firm's 50-day moving average price is $132.61 and its 200 day moving average price is $120.96. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the business earned $1.36 EPS. The company's revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 annualized dividend and a yield of 1.44%. Emerson Electric's payout ratio is currently 50.48%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of analyst reports. Stephens lifted their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Robert W. Baird lowered their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Wells Fargo & Company lifted their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Citigroup lifted their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $142.28.

Emerson Electric 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.