Emerson Electric Co. (NYSE:EMR) Shares Sold by Lipe & Dalton

Lipe & Dalton cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,440 shares of the industrial products company’s stock after selling 140 shares during the quarter. Emerson Electric accounts for about 2.3% of Lipe & Dalton’s investment portfolio, making the stock its 14th largest holding. Lipe & Dalton’s holdings in Emerson Electric were worth $4,325,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EMR. Tobam boosted its position in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares during the period. Resurgent Financial Advisors LLC acquired a new position in Emerson Electric during the 4th quarter worth $32,000. Certified Advisory Corp bought a new position in shares of Emerson Electric in the first quarter worth $34,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Emerson Electric during the fourth quarter valued at about $35,000. Finally, Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric in the fourth quarter worth about $39,000. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on EMR shares. Mizuho raised their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Barclays upped their target price on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company boosted their price objective on Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 19th. Berenberg Bank raised their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, KeyCorp boosted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $115.47.

Insider Activity at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.

Emerson Electric Stock Performance

Shares of EMR stock traded down $0.27 during trading hours on Tuesday, hitting $111.49. 2,304,396 shares of the company were exchanged, compared to its average volume of 2,676,103. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The firm has a fifty day simple moving average of $109.27 and a 200 day simple moving average of $98.43. The stock has a market capitalization of $63.64 billion, a price-to-earnings ratio of 5.82, a P/E/G ratio of 1.95 and a beta of 1.37. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. Research analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

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.