Archford Capital Strategies LLC Has $382,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Archford Capital Strategies LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 9.3% in the 1st quarter, Holdings Channel reports. The firm owned 3,482 shares of the industrial products company’s stock after selling 355 shares during the period. Archford Capital Strategies LLC’s holdings in Emerson Electric were worth $382,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in Emerson Electric in the 4th quarter valued at approximately $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the fourth quarter worth approximately $28,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at $28,000. Finally, Fourth Dimension Wealth LLC increased its position in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 154 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EMR. Wells Fargo & Company lifted their target price on Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Barclays upped their price target on Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a research report on Monday, June 9th. Royal Bank Of Canada increased their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. increased their price objective on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Finally, Robert W. Baird cut their target price on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $136.47.

Emerson Electric Stock Down 1.0%

Shares of NYSE:EMR opened at $129.46 on Thursday. The company has a fifty day moving average of $116.93 and a 200-day moving average of $118.20. The company has a market capitalization of $72.82 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.59 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio is currently 50.48%.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Company 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.