Meadow Creek Wealth Advisors LLC Cuts Stock Position in Emerson Electric Co. (NYSE:EMR)

Meadow Creek Wealth Advisors LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 7.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,655 shares of the industrial products company’s stock after selling 284 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in Emerson Electric were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of EMR. EagleClaw Capital Managment LLC boosted its holdings in Emerson Electric by 4.0% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 25,847 shares of the industrial products company’s stock valued at $2,436,000 after acquiring an additional 1,000 shares during the period. Voloridge Investment Management LLC bought a new position in Emerson Electric during the 3rd quarter valued at approximately $1,203,000. Thrivent Financial for Lutherans raised its position in Emerson Electric by 4.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 184,223 shares of the industrial products company’s stock valued at $17,375,000 after purchasing an additional 8,231 shares during the last quarter. Brookfield Asset Management Inc. bought a new position in Emerson Electric during the 3rd quarter valued at approximately $369,000. Finally, Janus Henderson Group PLC raised its position in Emerson Electric by 59.3% during the 3rd quarter. Janus Henderson Group PLC now owns 245,090 shares of the industrial products company’s stock valued at $23,086,000 after purchasing an additional 91,188 shares during the last quarter. Institutional investors own 73.50% of the company’s stock.

In other Emerson Electric news, insider Mark J. Bulanda sold 4,574 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $97.35, for a total transaction of $445,278.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.78% of the stock is owned by company insiders.

EMR stock opened at $78.47 on Thursday. Emerson Electric Co. has a twelve month low of $77.73 and a twelve month high of $105.99. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.77. The firm has a market cap of $46.61 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The business has a 50 day moving average of $87.65 and a 200 day moving average of $91.92.

Emerson Electric (NYSE:EMRGet Rating) last released its earnings results on Wednesday, May 4th. The industrial products company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.11. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.71 billion. Emerson Electric had a return on equity of 27.72% and a net margin of 15.16%. Emerson Electric’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 earnings per share. On average, research analysts expect that Emerson Electric Co. will post 5.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $2.06 dividend on an annualized basis and a yield of 2.63%. Emerson Electric’s dividend payout ratio is presently 43.10%.

EMR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Emerson Electric from $114.00 to $110.00 in a research report on Thursday, May 5th. Oppenheimer lowered their price target on Emerson Electric from $115.00 to $110.00 in a research report on Monday, May 9th. Morgan Stanley lowered their price target on Emerson Electric from $101.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 31st. Barclays decreased their target price on Emerson Electric from $92.00 to $87.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 24th. Finally, Citigroup decreased their target price on Emerson Electric from $119.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, May 17th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.12.

Emerson Electric Company Profile (Get Rating)

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

Read More

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMRGet Rating).

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

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.