Emerson Electric Co. (NYSE:EMR) Shares Sold by West Oak Capital LLC

West Oak Capital LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,928 shares of the industrial products company’s stock after selling 160 shares during the period. West Oak Capital LLC’s holdings in Emerson Electric were worth $2,294,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EMR. Stokes Family Office LLC grew its stake in Emerson Electric by 94.8% during the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock valued at $1,141,000 after purchasing an additional 4,480 shares during the last quarter. Clark Capital Management Group Inc. boosted its position in Emerson Electric by 7.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company’s stock valued at $749,000 after buying an additional 434 shares during the last quarter. World Investment Advisors increased its holdings in Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock worth $2,581,000 after buying an additional 6,079 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock valued at $1,443,725,000 after acquiring an additional 232,540 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Emerson Electric during the fourth quarter worth $297,947,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EMR shares. JPMorgan Chase & Co. lifted their price objective on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. KeyCorp lowered their price objective on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Citigroup raised their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Barclays boosted their target price on shares of Emerson Electric from $112.00 to $118.00 and gave the company an “underweight” rating in a research note on Monday. Finally, Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.00.

Insider Activity

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $126.55 on Thursday. The company has a market cap of $71.18 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company’s 50-day moving average price is $111.13 and its 200-day moving average price is $118.51. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $1.36 EPS. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.48%.

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.