Private Advisor Group LLC Sells 23,478 Shares of Emerson Electric (EMR)

Private Advisor Group LLC cut its holdings in shares of Emerson Electric (NYSE:EMR) by 47.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,858 shares of the industrial products company’s stock after selling 23,478 shares during the quarter. Private Advisor Group LLC’s holdings in Emerson Electric were worth $1,767,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norris Perne & French LLP MI boosted its holdings in Emerson Electric by 0.9% in the 4th quarter. Norris Perne & French LLP MI now owns 85,190 shares of the industrial products company’s stock valued at $5,937,000 after purchasing an additional 722 shares during the last quarter. Fagan Associates Inc. boosted its holdings in Emerson Electric by 9.7% in the 1st quarter. Fagan Associates Inc. now owns 8,200 shares of the industrial products company’s stock valued at $560,000 after purchasing an additional 725 shares during the last quarter. Hallmark Capital Management Inc. boosted its holdings in Emerson Electric by 2.1% in the 4th quarter. Hallmark Capital Management Inc. now owns 35,674 shares of the industrial products company’s stock valued at $2,486,000 after purchasing an additional 743 shares during the last quarter. Murphy Capital Management Inc. boosted its holdings in Emerson Electric by 5.0% in the 4th quarter. Murphy Capital Management Inc. now owns 15,897 shares of the industrial products company’s stock valued at $1,107,000 after purchasing an additional 750 shares during the last quarter. Finally, Seaward Management Limited Partnership boosted its holdings in Emerson Electric by 0.3% in the 4th quarter. Seaward Management Limited Partnership now owns 279,762 shares of the industrial products company’s stock valued at $19,496,000 after purchasing an additional 818 shares during the last quarter. Hedge funds and other institutional investors own 69.53% of the company’s stock.

Several research firms have weighed in on EMR. Zacks Investment Research lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. JMP Securities lowered shares of Emerson Electric from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $74.45 to $56.77 in a report on Thursday, February 1st. Robert W. Baird boosted their target price on shares of Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. UBS began coverage on shares of Emerson Electric in a report on Monday, January 22nd. They issued a “buy” rating and a $73.26 target price on the stock. Finally, Royal Bank of Canada upgraded shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $70.38 to $80.00 in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $73.00.

Emerson Electric opened at $74.08 on Tuesday, Marketbeat Ratings reports. The company has a market capitalization of $46.08 billion, a PE ratio of 28.06, a P/E/G ratio of 2.18 and a beta of 1.19. Emerson Electric has a 1 year low of $57.39 and a 1 year high of $74.45. The company has a current ratio of 1.30, a quick ratio of 0.98 and a debt-to-equity ratio of 0.39.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, May 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.22 billion. Emerson Electric had a net margin of 10.83% and a return on equity of 21.69%. The business’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. research analysts forecast that Emerson Electric will post 3.18 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Friday, May 11th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Thursday, May 10th. Emerson Electric’s dividend payout ratio (DPR) is 73.48%.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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