BOK Financial Private Wealth Inc. Sells 2,275 Shares of Emerson Electric Co. (NYSE:EMR)

BOK Financial Private Wealth Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 10.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,661 shares of the industrial products company’s stock after selling 2,275 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in Emerson Electric were worth $1,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EMR. Tobam grew its position 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 purchasing an additional 273 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new position in Emerson Electric during the fourth quarter worth about $32,000. Certified Advisory Corp bought a new stake in shares of Emerson Electric during the 1st quarter valued at approximately $34,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Emerson Electric during the fourth quarter worth $35,000. Finally, Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $39,000. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by corporate insiders.

Emerson Electric Price Performance

Shares of EMR traded down $0.87 during mid-day trading on Friday, reaching $112.65. 1,981,072 shares of the stock traded hands, compared to its average volume of 2,133,637. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The company has a market cap of $64.30 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 1.95 and a beta of 1.37. The firm has a fifty day moving average price of $108.90 and a 200 day moving average price of $98.31.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company posted $0.78 EPS. Emerson Electric’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.86%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is presently 10.94%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Barclays raised their price target on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Berenberg Bank lifted their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Citigroup increased their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, KeyCorp increased their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.47.

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.