Wolf Group Capital Advisors Has $1.36 Million Position in Emerson Electric Co. (NYSE:EMR)

Wolf Group Capital Advisors lowered its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 42.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,375 shares of the industrial products company's stock after selling 9,203 shares during the quarter. Wolf Group Capital Advisors' holdings in Emerson Electric were worth $1,357,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EMR. Cornerstone Wealth Management LLC grew its position in Emerson Electric by 1.0% during the 1st quarter. Cornerstone Wealth Management LLC now owns 53,964 shares of the industrial products company's stock worth $5,917,000 after acquiring an additional 535 shares during the last quarter. Cushing Capital Partners LLC grew its position in Emerson Electric by 6.1% during the 1st quarter. Cushing Capital Partners LLC now owns 7,135 shares of the industrial products company's stock worth $782,000 after acquiring an additional 409 shares during the last quarter. Prosperity Wealth Management Inc. grew its position in Emerson Electric by 29.2% during the 1st quarter. Prosperity Wealth Management Inc. now owns 6,117 shares of the industrial products company's stock worth $671,000 after acquiring an additional 1,381 shares during the last quarter. CENTRAL TRUST Co grew its position in Emerson Electric by 0.9% during the 1st quarter. CENTRAL TRUST Co now owns 79,150 shares of the industrial products company's stock worth $8,678,000 after acquiring an additional 715 shares during the last quarter. Finally, Insigneo Advisory Services LLC bought a new stake in Emerson Electric during the 1st quarter worth $366,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EMR shares. Wells Fargo & Company boosted their price objective on Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Barclays boosted their price objective on Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research report on Monday, June 9th. Royal Bank Of Canada lifted their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. KeyCorp lifted their target price on Emerson Electric from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, June 13th. Finally, Citigroup lifted their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and an average price target of $136.47.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred 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 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 SEC, which is available through this hyperlink. Company insiders own 0.50% of the company's stock.

Emerson Electric Stock Down 0.9%

Shares of Emerson Electric stock opened at $127.55 on Wednesday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The stock's 50-day moving average is $113.52 and its 200 day moving average is $118.26. The firm has a market cap of $71.75 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 2.54 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the company earned $1.36 EPS. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is currently 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.

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