Stevens Capital Management LP Sells 3,339 Shares of Emerson Electric Co. (NYSE:EMR)

Stevens Capital Management LP trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 34.1% during the fourth quarter, Holdings Channel reports. The fund owned 6,460 shares of the industrial products company’s stock after selling 3,339 shares during the quarter. Stevens Capital Management LP’s holdings in Emerson Electric were worth $629,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Tobam increased its position in Emerson Electric by 2,275.0% in the 4th 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. Tennessee Valley Asset Management Partners bought a new position in Emerson Electric in the 4th quarter worth approximately $35,000. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the 4th quarter worth approximately $39,000. MCF Advisors LLC increased its position in Emerson Electric by 1,484.6% in the 4th quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after buying an additional 386 shares during the period. Finally, Authentikos Wealth Advisory LLC bought a new position in Emerson Electric in the 3rd quarter worth approximately $42,000. 74.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the company’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 sale, the director now owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded down $0.05 during trading on Thursday, hitting $109.57. 1,639,631 shares of the stock were exchanged, compared to its average volume of 2,619,104. The stock has a market capitalization of $62.54 billion, a price-to-earnings ratio of 5.71, a price-to-earnings-growth ratio of 1.90 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. The company has a fifty day moving average price of $110.23 and a 200-day moving average price of $99.11. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $115.26.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group boosted their price objective on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Royal Bank of Canada boosted their price objective on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Citigroup boosted their price objective on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Barclays boosted their price objective on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Finally, Berenberg Bank boosted their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.25.

About Emerson Electric

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.