Balboa Wealth Partners Lowers Position in Emerson Electric Co. (NYSE:EMR)

Balboa Wealth Partners cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,626 shares of the industrial products company’s stock after selling 411 shares during the period. Balboa Wealth Partners’ holdings in Emerson Electric were worth $256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tobam raised its holdings in Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in Emerson Electric during the fourth quarter valued at about $35,000. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the fourth quarter valued at about $39,000. Pacific Capital Wealth Advisors Inc. bought a new stake in Emerson Electric during the fourth quarter valued at about $39,000. Finally, MCF Advisors LLC raised its holdings in Emerson Electric by 1,484.6% during the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 386 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 0.8 %

Shares of NYSE:EMR traded down $0.95 during trading hours on Thursday, hitting $113.73. 525,727 shares of the company’s stock traded hands, compared to its average volume of 2,740,592. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $116.76. The business has a fifty day moving average price of $111.72 and a 200-day moving average price of $101.76. The firm has a market capitalization of $65.06 billion, a P/E ratio of 6.14, a price-to-earnings-growth ratio of 1.90 and a beta of 1.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.11. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. Equities analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a $0.525 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.85%. Emerson Electric’s payout ratio is 11.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EMR shares. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Barclays lifted their target price on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. KeyCorp lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Royal Bank of Canada lifted their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Robert W. Baird reduced their target price on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $120.56.

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.