Emerson Electric Co. (NYSE:EMR) Position Cut by Broadway Wealth Solutions Inc.

Broadway Wealth Solutions Inc. trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 10.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,900 shares of the industrial products company’s stock after selling 221 shares during the quarter. Broadway Wealth Solutions Inc.’s holdings in Emerson Electric were worth $208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EMR. Orion Capital Management LLC bought a new position in Emerson Electric during the 4th quarter valued at $25,000. Vega Investment Solutions bought a new position in Emerson Electric during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new position in Emerson Electric during the 4th quarter valued at $28,000. Ameriflex Group Inc. bought a new position in Emerson Electric during the 4th quarter valued at $30,000. Finally, Meeder Asset Management Inc. boosted its stake in Emerson Electric by 208.2% during the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 202 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

EMR opened at $123.68 on Friday. The stock has a fifty day moving average of $109.70 and a 200-day moving average of $118.50. The firm has a market capitalization of $69.57 billion, a P/E ratio of 29.52, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. Equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. Emerson Electric’s payout ratio is currently 50.48%.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup increased their price target on Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Robert W. Baird cut their price objective on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Finally, Royal Bank of Canada increased their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $134.65.

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.