Commonwealth Equity Services LLC Sells 9,625 Shares of Emerson Electric Co. (NYSE:EMR)

Commonwealth Equity Services LLC cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 614,443 shares of the industrial products company's stock after selling 9,625 shares during the quarter. Commonwealth Equity Services LLC owned 0.11% of Emerson Electric worth $76,148,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric during the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric during the 4th quarter worth about $27,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the 3rd quarter valued at approximately $29,000. YANKCOM Partnership bought a new position in shares of Emerson Electric in the 4th quarter valued at approximately $30,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Emerson Electric in the 3rd quarter valued at approximately $33,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR stock traded down $1.83 during trading on Tuesday, hitting $111.77. The company had a trading volume of 2,724,830 shares, compared to its average volume of 2,921,932. The company has a fifty day moving average price of $122.21 and a two-hundred day moving average price of $119.03. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a market cap of $63.02 billion, a P/E ratio of 26.67, a P/E/G ratio of 2.49 and a beta of 1.36.

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Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.89%. Emerson Electric's payout ratio is 50.36%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EMR. Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a "buy" rating and a $160.00 price objective on the stock. Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. StockNews.com downgraded Emerson Electric from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Daiwa America raised Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, Citigroup started coverage on Emerson Electric in a report on Monday. They set a "buy" rating and a $132.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.22.

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.