InTrack Investment Management Inc Sells 3,991 Shares of Emerson Electric Co. (NYSE:EMR)

InTrack Investment Management Inc trimmed its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 66.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,978 shares of the industrial products company's stock after selling 3,991 shares during the period. InTrack Investment Management Inc's holdings in Emerson Electric were worth $217,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stokes Family Office LLC lifted its position in Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after acquiring an additional 4,480 shares in the last quarter. Clark Capital Management Group Inc. grew its position in Emerson Electric by 7.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after purchasing an additional 434 shares in the last quarter. World Investment Advisors grew its holdings in shares of Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after acquiring an additional 6,079 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Emerson Electric by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after purchasing an additional 232,540 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Emerson Electric during the fourth quarter worth $297,947,000. 74.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction 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 Trading Down 1.0%

Shares of NYSE EMR traded down $1.27 during trading on Friday, reaching $125.45. The company had a trading volume of 3,368,277 shares, compared to its average volume of 2,950,619. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a market cap of $70.57 billion, a P/E ratio of 29.94, a PEG ratio of 2.49 and a beta of 1.28. The company's fifty day moving average price is $111.72 and its 200-day moving average price is $118.47.

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 (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 analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. As a group, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.68%. Emerson Electric's payout ratio is currently 50.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. 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 report on Friday, May 16th. 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. KeyCorp upped their price objective on shares of Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday. Barclays boosted their price target on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research note on Monday. Finally, Royal Bank of Canada increased their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $136.47.

About Emerson Electric

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.