Emerson Electric Co. (NYSE:EMR) Shares Sold by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.0% during the fourth quarter, HoldingsChannel reports. The fund owned 19,410 shares of the industrial products company’s stock after selling 198 shares during the period. O Brien Greene & Co. Inc’s holdings in Emerson Electric were worth $1,889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EMR. Tobam grew its holdings in Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 273 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in Emerson Electric in the fourth quarter valued at $35,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric in the fourth quarter valued at $39,000. MCF Advisors LLC grew its holdings in Emerson Electric by 1,484.6% in the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC acquired a new stake in Emerson Electric in the third quarter valued at $42,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the 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 completion of the sale, the director now owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $109.87 on Friday. The stock’s 50-day moving average is $110.38 and its 200-day moving average is $99.28. The company has a market cap of $62.71 billion, a price-to-earnings ratio of 5.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm earned $0.78 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities analysts anticipate 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. Stockholders of record on Friday, February 16th were paid 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 currently 10.94%.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of analyst reports. UBS Group increased their price objective on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Barclays increased their price objective on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Bank of America increased their price objective on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Berenberg Bank increased their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Mizuho increased their price objective on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $116.25.

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.