Emerson Electric Co. (NYSE:EMR) Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 29.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,537 shares of the industrial products company's stock after selling 17,985 shares during the period. Neville Rodie & Shaw Inc.'s holdings in Emerson Electric were worth $4,773,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Mascagni Wealth Management Inc. acquired a new position in shares of Emerson Electric in the 4th quarter valued at $62,000. Northstar Financial Companies Inc. acquired a new position in shares of Emerson Electric in the 4th quarter valued at $319,000. Wealthedge Investment Advisors LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $521,000. Dogwood Wealth Management LLC grew its position in Emerson Electric by 3,668.3% during the 4th quarter. Dogwood Wealth Management LLC now owns 4,522 shares of the industrial products company's stock worth $560,000 after purchasing an additional 4,402 shares during the period. Finally, Smith Shellnut Wilson LLC ADV grew its position in Emerson Electric by 11.5% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 3,993 shares of the industrial products company's stock worth $495,000 after purchasing an additional 412 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EMR shares. Royal Bank of Canada increased their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Robert W. Baird lowered their target price 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. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. increased their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company increased their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $133.53.

Emerson Electric Trading Down 1.2%

Shares of NYSE EMR traded down $1.47 during midday trading on Monday, reaching $117.92. 764,132 shares of the stock were exchanged, compared to its average volume of 2,922,629. The company has a 50 day simple moving average of $108.64 and a 200 day simple moving average of $118.68. The stock has a market capitalization of $66.33 billion, a P/E ratio of 28.16, a PEG ratio of 2.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the firm earned $1.36 EPS. The business'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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.79%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's 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 completion of the transaction, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.50% of the stock is owned by insiders.

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.