Larson Financial Group LLC Trims Stake in Emerson Electric Co. (NYSE:EMR)

Larson Financial Group LLC lessened its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 28.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,095 shares of the industrial products company's stock after selling 2,843 shares during the quarter. Larson Financial Group LLC's holdings in Emerson Electric were worth $778,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EMR. Vanguard Group Inc. boosted its position in 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after acquiring an additional 232,540 shares in the last quarter. Norges Bank purchased a new position in shares of Emerson Electric in the fourth quarter valued at approximately $885,886,000. Northern Trust Corp lifted its position in shares of Emerson Electric by 5.9% in the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock valued at $827,377,000 after acquiring an additional 370,560 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Emerson Electric by 4.1% in the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after acquiring an additional 171,946 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research reports. Royal Bank Of Canada raised their target price on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. lifted their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Citigroup lifted their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Robert W. Baird reduced their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $142.28.

Emerson Electric Stock Down 0.2%

NYSE:EMR traded down $0.23 during midday trading on Friday, reaching $144.16. The company had a trading volume of 1,918,369 shares, compared to its average volume of 3,078,216. The firm has a market capitalization of $81.09 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 2.72 and a beta of 1.29. The stock's fifty day simple moving average is $127.64 and its 200-day simple moving average is $119.42. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $145.28. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates 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 last year, the business 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is 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 dated 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 directly owned 164,957 shares of the company's stock, valued at $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 available at this link. 0.50% of the stock is owned by company insiders.

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.