Emerson Electric Co. (NYSE:EMR) Shares Sold by Bogart Wealth LLC

Bogart Wealth LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 17.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 65,503 shares of the industrial products company's stock after selling 13,980 shares during the quarter. Bogart Wealth LLC's holdings in Emerson Electric were worth $8,118,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GDS Wealth Management grew its position in Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after acquiring an additional 79 shares during the last quarter. Berkshire Bank grew its position in Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock valued at $321,000 after acquiring an additional 89 shares during the last quarter. Grove Bank & Trust grew its position in Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock valued at $217,000 after acquiring an additional 90 shares during the last quarter. Silver Lake Advisory LLC grew its position in Emerson Electric by 0.4% in the 4th quarter. Silver Lake Advisory LLC now owns 24,249 shares of the industrial products company's stock valued at $3,005,000 after acquiring an additional 90 shares during the last quarter. Finally, Sargent Investment Group LLC grew its position in Emerson Electric by 0.5% in the 4th quarter. Sargent Investment Group LLC now owns 16,986 shares of the industrial products company's stock valued at $2,012,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on EMR shares. Wells Fargo & Company upped their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada reissued an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. UBS Group initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price target on the stock. Robert W. Baird increased their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Finally, Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $136.90.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded up $1.66 during trading on Tuesday, hitting $125.00. The stock had a trading volume of 2,296,106 shares, compared to its average volume of 2,953,428. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The stock has a market capitalization of $70.49 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a 50-day simple moving average of $125.59 and a two-hundred day simple moving average of $117.18.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities research analysts expect that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is 50.36%.

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.