Modera Wealth Management LLC Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

Key Points

• Modera Wealth Management LLC reduced its holdings in Emerson Electric Co. by 1.6%, now owning 208,692 shares valued at approximately $22.88 million.
• Emerson Electric recently declared a quarterly dividend of $0.5275 per share, yielding 1.43%, with a payout ratio of 50.48%.
• Analysts have upgraded Emerson Electric's stock rating to "buy", with target prices ranging from $124.00 to $165.00.

Modera Wealth Management LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 208,692 shares of the industrial products company's stock after selling 3,366 shares during the quarter. Modera Wealth Management LLC's holdings in Emerson Electric were worth $22,881,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hohimer Wealth Management LLC lifted its holdings in Emerson Electric by 0.3% during 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 purchasing an additional 95 shares in the last quarter. Unison Advisors LLC raised its position in shares of 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 buying an additional 98 shares during the last quarter. One Wealth Advisors LLC raised its position 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 valued at $202,000 after buying an additional 99 shares during the last quarter. Texas Yale Capital Corp. raised its position in shares of Emerson Electric by 0.7% during the fourth quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock valued at $1,833,000 after buying an additional 100 shares during the last quarter. Finally, Ecofi Investissements SA raised its position in shares of Emerson Electric by 0.3% during the fourth 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.

Wall Street Analyst Weigh In

EMR has been the topic of several recent analyst reports. KeyCorp lifted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Citigroup boosted 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. Bank of America boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada boosted their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Two equities 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.28.

Emerson Electric Stock Down 2.6%

Shares of Emerson Electric stock traded down $3.83 on Friday, reaching $141.68. 4,078,731 shares of the company were exchanged, compared to its average volume of 2,776,646. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a market cap of $79.70 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 2.82 and a beta of 1.32. 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's 50 day moving average price is $133.17 and its 200-day moving average price is $121.15.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio is 50.48%.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by company insiders.

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.