Sawyer & Company Inc Cuts Holdings in Emerson Electric Co. (NYSE:EMR)

Sawyer & Company Inc decreased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 13.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,315 shares of the industrial products company's stock after selling 2,959 shares during the quarter. Sawyer & Company Inc's holdings in Emerson Electric were worth $2,008,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in EMR. Stokes Family Office LLC raised its holdings in Emerson Electric by 94.8% during the fourth 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 during the period. Clark Capital Management Group Inc. raised its stake in Emerson Electric by 7.7% during the 4th 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 during the period. World Investment Advisors lifted its holdings in Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after purchasing an additional 6,079 shares in the last quarter. Geode Capital Management LLC boosted its stake in Emerson Electric by 2.0% in 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 period. Finally, Raymond James Financial Inc. purchased a new stake in Emerson Electric during the 4th quarter valued at approximately $297,947,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 1.0%

Shares of Emerson Electric stock traded up $1.36 during trading on Tuesday, hitting $130.77. The stock had a trading volume of 2,723,051 shares, compared to its average volume of 2,973,219. The stock has a market cap of $73.56 billion, a PE ratio of 31.28, a PEG ratio of 2.54 and a beta of 1.28. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The firm's fifty day simple moving average is $115.71 and its 200-day simple moving average is $118.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. The company's quarterly revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is presently 50.48%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research reports. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Robert W. Baird decreased their price target 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. Citigroup raised their price objective on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. KeyCorp boosted their target price on Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, June 13th. Finally, Royal Bank Of Canada raised their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $136.47.

Insider Activity at Emerson Electric

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