Stokes Family Office LLC Has $645,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Stokes Family Office LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 37.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,631 shares of the industrial products company’s stock after selling 4,031 shares during the quarter. Stokes Family Office LLC’s holdings in Emerson Electric were worth $645,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Waverly Advisors LLC lifted its stake in shares of Emerson Electric by 100.2% in the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after purchasing an additional 7,565 shares during the period. Blackston Financial Advisory Group LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $241,000. FMR LLC lifted its stake in shares of Emerson Electric by 1.3% in the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after purchasing an additional 41,263 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $320,000. Finally, Capital Advisors Inc. OK lifted its stake in shares of Emerson Electric by 821.0% in the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after purchasing an additional 76,868 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Emerson Electric

In related 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 in the company, valued at $989,599.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.25% of the stock is owned by company insiders.

Emerson Electric Trading Up 0.1 %

Shares of NYSE:EMR traded up $0.13 during mid-day trading on Friday, reaching $106.54. 5,925,874 shares of the company’s stock were exchanged, compared to its average volume of 2,217,240. The firm has a market capitalization of $60.81 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 1.84 and a beta of 1.36. The business’s fifty day moving average price is $110.57 and its 200-day moving average price is $99.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates 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 business earned $0.78 earnings per share. On average, research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on EMR. Bank of America upped their price objective 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. KeyCorp upped 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. UBS Group upped their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Barclays increased their target price on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada increased their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $116.25.

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.