Transform Wealth LLC Sells 36,218 Shares of Emerson Electric Co. (NYSE:EMR)

Transform Wealth LLC decreased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 64.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,395 shares of the industrial products company's stock after selling 36,218 shares during the quarter. Transform Wealth LLC's holdings in Emerson Electric were worth $2,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Emerson Electric by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after purchasing an additional 384,313 shares in the last quarter. Geode Capital Management LLC lifted its stake in 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 worth $1,443,725,000 after purchasing an additional 232,540 shares during the last quarter. Norges Bank purchased a new stake in Emerson Electric during the fourth quarter valued at about $885,886,000. Northern Trust Corp grew its stake in shares of Emerson Electric by 5.9% during 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 buying an additional 370,560 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Emerson Electric by 4.1% in the 4th 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 during 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 recent research reports. KeyCorp reduced their price target on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Citigroup upped their price target on shares of Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Robert W. Baird cut their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $135.00.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction that occurred 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 directly owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Stock Up 0.1%

Shares of EMR stock traded up $0.08 during midday trading on Thursday, reaching $126.57. 1,314,509 shares of the stock were exchanged, compared to its average volume of 2,936,712. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The firm has a market cap of $71.20 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company's 50 day moving average is $111.13 and its two-hundred day moving average is $118.51.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 earnings per share. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.67%. Emerson Electric's dividend payout ratio is currently 50.48%.

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.