Williams Jones Wealth Management LLC. Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

Williams Jones Wealth Management LLC. reduced its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 152,901 shares of the industrial products company's stock after selling 4,001 shares during the quarter. Williams Jones Wealth Management LLC.'s holdings in Emerson Electric were worth $18,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC acquired a new position in Emerson Electric during the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $28,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. purchased a new position in Emerson Electric during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Activity

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the 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 transaction, the chief executive officer now directly owns 164,957 shares in the company, 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 SEC, which is available at this hyperlink. Company insiders own 0.50% of the company's stock.

Emerson Electric Trading Down 0.9%

NYSE EMR opened at $119.58 on Tuesday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The firm has a 50 day simple moving average of $107.58 and a 200-day simple moving average of $119.09. The firm has a market cap of $67.26 billion, a price-to-earnings ratio of 28.54, 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 (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate 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 company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio is presently 50.48%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EMR shares. KeyCorp cut their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley raised their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Barclays raised their price target on shares of Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company upped their price objective on Emerson Electric from $110.00 to $121.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $132.24.

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.

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