Emerson Electric Co. (NYSE:EMR) Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 25.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,496 shares of the industrial products company’s stock after selling 15,555 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Emerson Electric were worth $4,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in EMR. RB Capital Management LLC boosted its holdings in Emerson Electric by 3.0% in the first quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after purchasing an additional 155 shares during the period. Fairfield Bush & CO. acquired a new position in Emerson Electric in the first quarter worth $116,000. Prudential PLC acquired a new position in Emerson Electric in the first quarter worth $1,215,000. Sequoia Financial Advisors LLC boosted its holdings in 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 purchasing an additional 1,418 shares during the period. Finally, Brighton Jones LLC boosted its holdings in Emerson Electric by 31.8% in the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 931 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EMR. Mizuho lifted their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. KeyCorp raised their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Royal Bank of Canada raised their target price on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Citigroup raised their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, UBS Group raised their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $116.25.

Emerson Electric Trading Down 0.7 %

Shares of NYSE EMR opened at $108.58 on Friday. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The company has a market cap of $61.98 billion, a price-to-earnings ratio of 5.66, a P/E/G ratio of 1.89 and a beta of 1.37. 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 business has a fifty day simple moving average of $109.98 and a 200-day simple moving average of $98.77.

Emerson Electric (NYSE:EMR) last announced its earnings results 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 return on equity of 11.59% and a net margin of 69.33%. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the business posted $0.78 earnings per share. Emerson Electric’s revenue was up 22.1% compared to the same quarter last year. Sell-side analysts predict that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

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 1.93%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is 10.94%.

Insider Activity

In related news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the sale, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by company insiders.

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.