Armstrong Fleming & Moore Inc Has $855,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Armstrong Fleming & Moore Inc lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,787 shares of the industrial products company’s stock after selling 367 shares during the quarter. Armstrong Fleming & Moore Inc’s holdings in Emerson Electric were worth $855,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of EMR. PFG Advisors increased its position in shares of Emerson Electric by 4.5% in the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 108 shares during the period. Accel Wealth Management increased its position in shares of Emerson Electric by 3.6% in the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 114 shares during the period. Beaumont Financial Advisors LLC increased its position in shares of Emerson Electric by 5.3% in the fourth quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 114 shares during the period. Silverlake Wealth Management LLC increased its position in shares of Emerson Electric by 2.8% in the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 115 shares during the period. Finally, Cooper Financial Group grew its position in Emerson Electric by 2.4% in the fourth quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock valued at $488,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 1.2 %

Shares of EMR traded down $1.33 during trading hours on Wednesday, reaching $106.45. The stock had a trading volume of 3,583,814 shares, compared to its average volume of 2,628,504. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The company has a market capitalization of $60.76 billion, a price-to-earnings ratio of 5.61, a P/E/G ratio of 1.90 and a beta of 1.37. The firm has a 50-day simple moving average of $110.52 and a 200 day simple moving average of $99.51. 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 announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm 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 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Berenberg Bank lifted their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. KeyCorp boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Barclays boosted their price target on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Mizuho boosted their price target on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Bank of America increased their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.25.

Insider Buying and Selling

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction dated Friday, February 9th. The stock was 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 approximately $989,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by insiders.

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.