Emerson Electric Co. (NYSE:EMR) Shares Sold by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 3.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,581 shares of the industrial products company’s stock after selling 251 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Emerson Electric were worth $829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. boosted its holdings in Emerson Electric by 13.4% in the third quarter. Crossmark Global Holdings Inc. now owns 167,557 shares of the industrial products company’s stock valued at $18,326,000 after purchasing an additional 19,763 shares in the last quarter. Baker Avenue Asset Management LP acquired a new position in Emerson Electric in the third quarter valued at approximately $205,000. Mayflower Financial Advisors LLC boosted its holdings in Emerson Electric by 12.6% in the third quarter. Mayflower Financial Advisors LLC now owns 2,074 shares of the industrial products company’s stock valued at $227,000 after purchasing an additional 232 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in Emerson Electric by 3.7% in the third quarter. Axxcess Wealth Management LLC now owns 50,414 shares of the industrial products company’s stock valued at $5,514,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Houlihan Financial Resource Group Ltd. acquired a new stake in shares of Emerson Electric in the third quarter valued at approximately $285,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research analyst reports. Robert W. Baird increased their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Oppenheimer upped their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Barclays upped their price target on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $127.65.

Emerson Electric Trading Up 0.1 %

NYSE:EMR traded up $0.07 during mid-day trading on Friday, reaching $127.26. The company’s stock had a trading volume of 2,748,179 shares, compared to its average volume of 2,680,459. The company’s fifty day simple moving average is $108.39 and its two-hundred day simple moving average is $109.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. Emerson Electric Co. has a twelve month low of $85.00 and a twelve month high of $128.56. The stock has a market cap of $72.88 billion, a P/E ratio of 37.21, a P/E/G ratio of 1.94 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $1.29 EPS. On average, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.40%.

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.