Robertson Stephens Wealth Management LLC Cuts Stake in Emerson Electric Co. (NYSE:EMR)

Robertson Stephens Wealth Management LLC trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 25.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,521 shares of the industrial products company’s stock after selling 2,606 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Emerson Electric were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Tobam boosted its position in shares of Emerson Electric by 2,275.0% in 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 last quarter. Tennessee Valley Asset Management Partners purchased a new position in Emerson Electric in the fourth quarter valued at approximately $35,000. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric in the fourth quarter valued at approximately $39,000. MCF Advisors LLC raised 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 buying an additional 386 shares during the period. Finally, Authentikos Wealth Advisory LLC purchased a new position in Emerson Electric in the third quarter valued at approximately $42,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of NYSE EMR traded down $0.01 during midday trading on Friday, reaching $106.40. 1,077,353 shares of the company traded hands, compared to its average volume of 2,622,013. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $115.26. The stock has a 50-day moving average price of $110.57 and a 200 day moving average price of $99.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The company has a market cap of $60.73 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 1.84 and a beta of 1.36.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.97%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on EMR shares. KeyCorp raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Bank of America lifted their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. UBS Group raised their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Citigroup raised their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada raised their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company 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.