Plancorp LLC Sells 8,966 Shares of Emerson Electric Co. (NYSE:EMR)

Plancorp LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 326,337 shares of the industrial products company's stock after selling 8,966 shares during the quarter. Emerson Electric accounts for 1.7% of Plancorp LLC's investment portfolio, making the stock its 13th largest holding. Plancorp LLC owned 0.06% of Emerson Electric worth $40,443,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GDS Wealth Management raised its holdings 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 worth $491,000 after purchasing an additional 79 shares during the period. Mcdonald Partners LLC raised its stake in shares of Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after buying an additional 81 shares during the period. Berkshire Bank grew its stake in shares of Emerson Electric by 3.6% during 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 period. Little House Capital LLC raised its stake in Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock worth $2,108,000 after acquiring an additional 89 shares during the period. Finally, Grove Bank & Trust lifted its holdings in Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock valued at $217,000 after purchasing an additional 90 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on Emerson Electric in a report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Barclays lowered shares of Emerson Electric from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $135.00 to $110.00 in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus target price of $136.22.

Emerson Electric Trading Down 0.2 %

Emerson Electric stock traded down $0.20 during midday trading on Tuesday, reaching $115.18. The stock had a trading volume of 459,543 shares, compared to its average volume of 2,660,965. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a market cap of $64.95 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a fifty day moving average of $121.53 and a 200 day moving average of $119.38.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.83%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio is presently 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.