Emerson Electric Co. (NYSE:EMR) Shares Sold by Lipe & Dalton

Lipe & Dalton lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,440 shares of the industrial products company’s stock after selling 140 shares during the period. Emerson Electric accounts for approximately 2.3% of Lipe & Dalton’s investment portfolio, making the stock its 14th biggest position. Lipe & Dalton’s holdings in Emerson Electric were worth $4,325,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Tobam grew its position in shares of Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $32,000. Certified Advisory Corp purchased a new position in Emerson Electric in the first quarter worth approximately $34,000. Tennessee Valley Asset Management Partners purchased a new position in Emerson Electric in the fourth quarter worth approximately $35,000. Finally, Morton Brown Family Wealth LLC purchased a new position in Emerson Electric in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.2 %

EMR stock traded down $0.27 during trading on Tuesday, hitting $111.49. 2,304,396 shares of the company’s stock were exchanged, compared to its average volume of 2,676,103. The stock has a market capitalization of $63.64 billion, a price-to-earnings ratio of 5.82, a PEG ratio of 1.95 and a beta of 1.37. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $109.27 and a two-hundred day moving average price of $98.43.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm posted $0.78 EPS. The company’s revenue was up 22.1% on a year-over-year basis. As a group, equities research analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.88%. Emerson Electric’s dividend payout ratio is presently 10.94%.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EMR shares. Bank of America increased their price objective on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Wells Fargo & Company boosted their target price on Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, December 19th. Royal Bank of Canada raised their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Mizuho increased their target price on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, KeyCorp lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $115.47.

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.