Sound View Wealth Advisors LLC cut its position in Emerson Electric Co. (NYSE:EMR) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,110 shares of the industrial products company’s stock after selling 720 shares during the quarter. Sound View Wealth Advisors LLC’s holdings in Emerson Electric were worth $3,157,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EMR. Wesbanco Bank Inc. boosted its holdings in Emerson Electric by 30.9% in the 1st quarter. Wesbanco Bank Inc. now owns 54,912 shares of the industrial products company’s stock valued at $3,760,000 after purchasing an additional 12,978 shares during the period. BerganKDV Wealth Management LLC boosted its holdings in Emerson Electric by 14.4% in the 1st quarter. BerganKDV Wealth Management LLC now owns 30,614 shares of the industrial products company’s stock valued at $2,096,000 after purchasing an additional 3,858 shares during the period. Richard C. Young & CO. LTD. boosted its holdings in Emerson Electric by 4.8% in the 1st quarter. Richard C. Young & CO. LTD. now owns 44,846 shares of the industrial products company’s stock valued at $3,071,000 after purchasing an additional 2,060 shares during the period. Lakeview Capital Partners LLC boosted its holdings in Emerson Electric by 50.5% in the 1st quarter. Lakeview Capital Partners LLC now owns 6,441 shares of the industrial products company’s stock valued at $441,000 after purchasing an additional 2,161 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in Emerson Electric by 9.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 2,465,544 shares of the industrial products company’s stock valued at $168,816,000 after purchasing an additional 206,005 shares during the period. Institutional investors and hedge funds own 70.51% of the company’s stock.

EMR has been the subject of a number of research reports. Citigroup raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price target for the company from $67.00 to $81.00 in a report on Monday, April 8th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Tuesday, April 2nd. Morgan Stanley set a $77.00 price objective on shares of Emerson Electric and gave the stock a “buy” rating in a report on Friday, February 8th. Cowen reaffirmed a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a report on Tuesday, February 5th. Finally, Credit Suisse Group raised their price objective on shares of Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $75.53.

Shares of NYSE:EMR traded up $0.47 during midday trading on Monday, reaching $60.71. 69,919 shares of the company’s stock were exchanged, compared to its average volume of 3,040,211. The company has a market capitalization of $37.02 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.92 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $55.38 and a 12 month high of $79.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.76 and a current ratio of 1.07.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.84. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.64 billion. Emerson Electric had a net margin of 12.81% and a return on equity of 24.63%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.76 EPS. Sell-side analysts forecast that Emerson Electric Co. will post 3.65 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 57.99%.

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Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

Further Reading: Forex

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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