Court Place Advisors LLC Has $765,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Court Place Advisors LLC cut its holdings in Emerson Electric Co. (NYSE:EMR) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,859 shares of the industrial products company’s stock after selling 250 shares during the quarter. Court Place Advisors LLC’s holdings in Emerson Electric were worth $765,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EMR. Tobam lifted its stake in Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares in the last quarter. Resurgent Financial Advisors LLC bought a new stake in Emerson Electric in the 4th quarter valued at approximately $32,000. Certified Advisory Corp bought a new stake in Emerson Electric in the 1st quarter valued at approximately $34,000. Tennessee Valley Asset Management Partners bought a new stake in Emerson Electric in the 4th quarter valued at approximately $35,000. Finally, Morton Brown Family Wealth LLC bought a new stake in Emerson Electric in the 4th quarter valued at approximately $39,000. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by insiders.

Emerson Electric Price Performance

Shares of EMR traded down $1.68 during trading hours on Wednesday, hitting $109.81. 2,316,755 shares of the company were exchanged, compared to its average volume of 2,671,557. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $115.26. The company has a market cap of $62.68 billion, a price-to-earnings ratio of 5.81, a P/E/G ratio of 1.93 and a beta of 1.37. The firm’s fifty day moving average is $109.62 and its 200 day moving average is $98.53.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS 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 for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the business earned $0.78 earnings per share. Emerson Electric’s revenue was up 22.1% on a year-over-year basis. On average, equities analysts anticipate that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 19th. Royal Bank of Canada upped their price objective on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Berenberg Bank upped their price objective on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. UBS Group upped their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Citigroup increased their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target 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.