Northcape Wealth Management LLC Lowers Stake in Emerson Electric Co. (NYSE:EMR)

Northcape Wealth Management LLC trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 35,627 shares of the industrial products company’s stock after selling 244 shares during the period. Emerson Electric accounts for approximately 1.3% of Northcape Wealth Management LLC’s portfolio, making the stock its 22nd largest position. Northcape Wealth Management LLC’s holdings in Emerson Electric were worth $3,468,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tobam boosted its holdings 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 acquiring an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $35,000. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the fourth quarter worth $39,000. MCF Advisors LLC lifted its holdings in Emerson Electric by 1,484.6% in the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 386 shares during the period. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on EMR. Royal Bank of Canada lifted their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Barclays upped their target price on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. UBS Group lifted their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. KeyCorp increased their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Mizuho upped their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.25.

Emerson Electric Trading Down 1.8 %

NYSE EMR traded down $1.97 during mid-day trading on Tuesday, hitting $107.79. The company’s stock had a trading volume of 3,963,033 shares, compared to its average volume of 2,616,993. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The stock’s fifty day simple moving average is $110.46 and its two-hundred day simple moving average is $99.42. The firm has a market capitalization of $61.53 billion, a P/E ratio of 5.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last issued 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 business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. Research analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is presently 10.94%.

About Emerson Electric

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.