Emerson Electric Co. (NYSE:EMR) Shares Sold by Abbot Financial Management Inc.

Abbot Financial Management Inc. decreased its position in Emerson Electric Co. (NYSE:EMR) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,564 shares of the industrial products company’s stock after selling 379 shares during the quarter. Emerson Electric accounts for about 1.0% of Abbot Financial Management Inc.’s investment portfolio, making the stock its 27th largest holding. Abbot Financial Management Inc.’s holdings in Emerson Electric were worth $1,926,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC acquired a new position in Emerson Electric in the 4th quarter worth $25,000. Vega Investment Solutions acquired a new position in shares of Emerson Electric in the fourth quarter worth about $27,000. Ameriflex Group Inc. purchased a new position in Emerson Electric in the fourth quarter valued at about $30,000. Inlight Wealth Management LLC purchased a new stake in Emerson Electric during the 1st quarter worth approximately $28,000. Finally, Fourth Dimension Wealth LLC raised its position in shares of 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 purchasing an additional 154 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $149.68 on Monday. The firm’s 50-day simple moving average is $130.82 and its 200 day simple moving average is $120.38. The stock has a market cap of $84.20 billion, a P/E ratio of 35.81, a P/E/G ratio of 2.90 and a beta of 1.29. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $149.84.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. Emerson Electric’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 EPS. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.48%.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer directly owned 164,957 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Stephens raised their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Bank of America increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, Robert W. Baird cut their price target on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.28.

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.