Emerson Electric Co. (NYSE:EMR) Shares Sold by Mosaic Family Wealth Partners LLC

Mosaic Family Wealth Partners LLC reduced its position in Emerson Electric Co. (NYSE:EMR) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,911 shares of the industrial products company’s stock after selling 114 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Emerson Electric were worth $2,258,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Accordant Advisory Group Inc acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric during the first quarter worth approximately $31,000. Tobam raised its stake in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the last quarter. Security National Bank purchased a new stake in shares of Emerson Electric during the fourth quarter worth approximately $29,000. Finally, Tributary Capital Management LLC purchased a new stake in shares of Emerson Electric during the first quarter worth approximately $35,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of EMR stock traded down $3.88 during mid-day trading on Friday, reaching $109.21. The stock had a trading volume of 3,194,669 shares, compared to its average volume of 2,268,351. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The company has a market cap of $62.48 billion, a P/E ratio of 5.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. The business has a 50-day simple moving average of $111.33 and a 200 day simple moving average of $108.88. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EMR shares. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Loop Capital upped their price target on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Robert W. Baird cut their price target on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Citigroup increased their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company increased their price objective on Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $123.44.

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.