Wright Investors Service Inc. Sells 6,282 Shares of Emerson Electric Co. (NYSE:EMR)

Wright Investors Service Inc. lowered its position in Emerson Electric Co. (NYSE:EMR) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,394 shares of the industrial products company’s stock after selling 6,282 shares during the period. Wright Investors Service Inc.’s holdings in Emerson Electric were worth $2,861,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Waverly Advisors LLC raised its stake in shares of Emerson Electric by 100.2% in the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after acquiring an additional 7,565 shares during the last quarter. Blackston Financial Advisory Group LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $241,000. FMR LLC increased its holdings in shares of Emerson Electric by 1.3% in the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after purchasing an additional 41,263 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at approximately $320,000. Finally, Capital Advisors Inc. OK increased its holdings in shares of Emerson Electric by 821.0% in the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after purchasing an additional 76,868 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR traded up $0.25 during midday trading on Thursday, hitting $110.06. The company’s stock had a trading volume of 493,422 shares, compared to its average volume of 2,641,735. The stock has a market capitalization of $62.82 billion, a price-to-earnings ratio of 5.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $109.73 and its two-hundred day simple moving average is $98.61.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data 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. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. Emerson Electric’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. As a group, equities analysts expect that Emerson Electric Co. will post 5.4 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 11th. Shareholders of record on Friday, February 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Analyst Ratings Changes

EMR has been the subject of a number of research reports. Royal Bank of Canada raised their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. UBS Group raised their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Mizuho raised their price target on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Bank of America raised their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, Barclays increased their price objective on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $115.47.

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.