Franklin Street Advisors Inc. NC Sells 3,533 Shares of Emerson Electric Co. (NYSE:EMR)

Franklin Street Advisors Inc. NC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,488 shares of the industrial products company’s stock after selling 3,533 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Emerson Electric were worth $10,851,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RB Capital Management LLC increased its stake in Emerson Electric by 3.0% in the 1st quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after buying an additional 155 shares in the last quarter. Fairfield Bush & CO. purchased a new position in Emerson Electric in the 1st quarter worth approximately $116,000. Prudential PLC purchased a new stake in Emerson Electric during the 1st quarter valued at approximately $1,215,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Emerson Electric by 17.5% in the first quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock worth $934,000 after buying an additional 1,418 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in Emerson Electric by 31.8% during the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock valued at $378,000 after acquiring an additional 931 shares in the last quarter. Hedge funds and other 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 Emerson Electric stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now directly 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. Company insiders own 0.25% of the company’s stock.

Emerson Electric Trading Down 0.0 %

EMR opened at $113.42 on Friday. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $113.89. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average is $104.33 and its two-hundred day moving average is $97.02. The company has a market capitalization of $64.74 billion, a P/E ratio of 5.91, a PEG ratio of 1.97 and a beta of 1.36.

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

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EMR shares. Barclays boosted their target price on Emerson Electric from $91.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. Royal Bank of Canada boosted their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Berenberg Bank lifted their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. KeyCorp increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Wells Fargo & Company upped their price objective on Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, December 19th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.00.

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.