Nicholas Hoffman & Company LLC. Has $425,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Nicholas Hoffman & Company LLC. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 13.8% during the first quarter, HoldingsChannel.com reports. The firm owned 3,747 shares of the industrial products company’s stock after selling 600 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Emerson Electric were worth $425,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Asset Management One Co. Ltd. grew its stake in shares of Emerson Electric by 3.3% during the third quarter. Asset Management One Co. Ltd. now owns 252,866 shares of the industrial products company’s stock worth $24,419,000 after purchasing an additional 8,152 shares during the period. TFG Advisers LLC bought a new position in Emerson Electric during the 3rd quarter worth approximately $204,000. Schmidt P J Investment Management Inc. grew its holdings in Emerson Electric by 5.0% during the third quarter. Schmidt P J Investment Management Inc. now owns 3,696 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 176 shares during the period. Lake Street Financial LLC raised its holdings in Emerson Electric by 30.3% in the third quarter. Lake Street Financial LLC now owns 3,735 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 869 shares during the period. Finally, Bill Few Associates Inc. bought a new position in shares of Emerson Electric during the third quarter worth $208,000. Institutional investors own 74.30% of the company’s stock.

Insider Activity

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available through this link. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research analyst reports. Barclays raised their price objective on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Bank of America boosted their price objective on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Royal Bank of Canada raised their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Berenberg Bank increased their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Mizuho boosted their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $116.25.

Emerson Electric Stock Down 1.8 %

EMR traded down $1.97 on Tuesday, hitting $107.79. 3,963,033 shares of the company were exchanged, compared to its average volume of 2,616,993. The stock’s fifty day moving average is $110.52 and its 200-day moving average is $99.51. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The company has a market cap of $61.53 billion, a PE ratio of 5.61, a PEG ratio of 1.90 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last announced 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. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue was up 22.1% compared to the same quarter last year. Equities research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 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.