Emerson Electric Co. (NYSE:EMR) Stake Lessened by Northcape Wealth Management LLC

Northcape Wealth Management LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,627 shares of the industrial products company’s stock after selling 244 shares during the period. Emerson Electric comprises about 1.3% of Northcape Wealth Management LLC’s holdings, making the stock its 22nd largest holding. Northcape Wealth Management LLC’s holdings in Emerson Electric were worth $3,468,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA increased its position in Emerson Electric by 57.5% during the third quarter. Compagnie Lombard Odier SCmA now owns 1,370 shares of the industrial products company’s stock worth $132,000 after buying an additional 500 shares during the last quarter. Busey Trust CO increased its holdings in Emerson Electric by 1.3% in the 3rd quarter. Busey Trust CO now owns 71,545 shares of the industrial products company’s stock valued at $6,909,000 after buying an additional 894 shares during the period. Accurate Wealth Management LLC lifted its stake in Emerson Electric by 20.1% during the third quarter. Accurate Wealth Management LLC now owns 3,895 shares of the industrial products company’s stock worth $374,000 after purchasing an additional 653 shares during the period. Barrett & Company Inc. lifted its position in shares of Emerson Electric by 2.2% during the 3rd quarter. Barrett & Company Inc. now owns 7,078 shares of the industrial products company’s stock worth $683,000 after buying an additional 155 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Emerson Electric by 3.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 91,761 shares of the industrial products company’s stock valued at $8,861,000 after purchasing an additional 2,745 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE:EMR traded down $1.97 during trading hours on Tuesday, hitting $107.79. The company’s stock had a trading volume of 3,963,033 shares, compared to its average volume of 2,616,993. The company has a market capitalization of $61.53 billion, a P/E ratio of 5.72, a PEG ratio of 1.90 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26. The stock has a fifty day simple moving average of $110.46 and a 200-day simple moving average of $99.42.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. On average, analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on EMR shares. Barclays lifted 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. Citigroup raised their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. KeyCorp lifted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Berenberg Bank raised their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Mizuho raised their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Emerson Electric 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.