Vest Financial LLC Cuts Position in Emerson Electric Co. (NYSE:EMR)

Vest Financial LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 19.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 425,355 shares of the industrial products company's stock after selling 103,820 shares during the period. Vest Financial LLC owned approximately 0.08% of Emerson Electric worth $46,636,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after purchasing an additional 4,850 shares in the last quarter. Stratos Wealth Advisors LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth approximately $204,000. Stratos Investment Management LLC boosted its position in shares of Emerson Electric by 6.7% during the 4th quarter. Stratos Investment Management LLC now owns 2,015 shares of the industrial products company's stock worth $250,000 after purchasing an additional 127 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Emerson Electric by 36.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,284 shares of the industrial products company's stock valued at $6,946,000 after buying an additional 14,641 shares during the period. Finally, Choreo LLC boosted its position in Emerson Electric by 43.1% in the 4th quarter. Choreo LLC now owns 41,744 shares of the industrial products company's stock valued at $5,181,000 after buying an additional 12,581 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.0%

Shares of NYSE:EMR traded up $1.18 during trading on Friday, reaching $123.68. 2,668,599 shares of the stock were exchanged, compared to its average volume of 2,928,985. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The stock has a fifty day moving average of $109.43 and a two-hundred day moving average of $118.61. The firm has a market cap of $69.57 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. Research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be given a $0.5275 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.71%. Emerson Electric's payout ratio is 50.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 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 research note on Thursday, May 8th. Wells Fargo & Company boosted their price objective 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 lifted their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays boosted their price objective on shares of Emerson Electric from $104.00 to $112.00 and gave the company an "underweight" rating in a research report on Friday, May 30th. Finally, Royal Bank of Canada upped their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $134.65.

Insider Buying and Selling

In related 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 sale, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by corporate 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.