Wealth Enhancement Advisory Services LLC Sells 52,286 Shares of Emerson Electric Co. (NYSE:EMR)

Wealth Enhancement Advisory Services LLC lowered its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 300,765 shares of the industrial products company's stock after selling 52,286 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of Emerson Electric worth $37,274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EMR. Stokes Family Office LLC raised its holdings in Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after buying an additional 4,480 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in Emerson Electric by 8.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after buying an additional 6,321 shares during the last quarter. Clark Capital Management Group Inc. raised its holdings in Emerson Electric by 7.7% in 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 buying an additional 434 shares during the last quarter. World Investment Advisors raised 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 valued at $2,581,000 after buying an additional 6,079 shares during the last quarter. Finally, Howland Capital Management LLC raised its holdings in Emerson Electric by 13.0% during the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock worth $3,283,000 after purchasing an additional 3,054 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of several analyst reports. Royal Bank of Canada raised their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Robert W. Baird lowered their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Barclays raised their price objective on shares of Emerson Electric from $104.00 to $112.00 and gave the stock an "underweight" rating in a research report on Friday. Finally, Citigroup raised their price objective on shares of Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have given 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 currently has a consensus rating of "Moderate Buy" and an average price target of $133.53.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company's stock.

Emerson Electric Stock Up 1.3%

NYSE EMR traded up $1.59 during mid-day trading on Tuesday, hitting $120.45. The company's stock had a trading volume of 2,626,481 shares, compared to its average volume of 2,926,809. The company's 50 day simple moving average is $108.91 and its 200 day simple moving average is $118.64. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $67.76 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $4.43 billion for 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

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.