Jacobs & Co. CA Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Jacobs & Co. CA reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 6.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,321 shares of the industrial products company’s stock after selling 1,476 shares during the quarter. Jacobs & Co. CA’s holdings in Emerson Electric were worth $2,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Waverly Advisors LLC boosted its position in Emerson Electric by 100.2% during the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock worth $1,460,000 after acquiring an additional 7,565 shares during the last quarter. FMR LLC raised its stake in Emerson Electric by 1.3% during the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock worth $312,278,000 after purchasing an additional 41,263 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Emerson Electric in the 3rd quarter valued at $320,000. Kesler Norman & Wride LLC raised its stake in shares of Emerson Electric by 162.0% in the 4th quarter. Kesler Norman & Wride LLC now owns 49,141 shares of the industrial products company’s stock valued at $4,783,000 after acquiring an additional 30,385 shares during the period. Finally, Kathmere Capital Management LLC purchased a new position in shares of Emerson Electric in the 3rd quarter valued at $221,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $113.45 on Thursday. The firm has a fifty day simple moving average of $103.91 and a 200-day simple moving average of $96.90. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $113.46. The stock has a market capitalization of $64.76 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 1.95 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.18. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. On average, sell-side analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were 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 of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EMR. UBS Group raised their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Berenberg Bank raised their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Wells Fargo & Company raised their price target on shares of Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th. Barclays raised their price objective on shares of Emerson Electric from $91.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Finally, Mizuho raised their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

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.