Greystone Financial Group LLC Has $11.12 Million Stock Holdings in Emerson Electric Co. $EMR

Greystone Financial Group LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 12.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 84,740 shares of the industrial products company’s stock after selling 12,199 shares during the period. Emerson Electric makes up approximately 1.7% of Greystone Financial Group LLC’s holdings, making the stock its 27th biggest holding. Greystone Financial Group LLC’s holdings in Emerson Electric were worth $11,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares during the period. AQR Capital Management LLC raised its position in Emerson Electric by 35.4% in the 1st quarter. AQR Capital Management LLC now owns 73,550 shares of the industrial products company’s stock valued at $7,928,000 after buying an additional 19,234 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Emerson Electric by 3.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 72,819 shares of the industrial products company’s stock valued at $7,984,000 after acquiring an additional 2,125 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in Emerson Electric by 6.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 42,927 shares of the industrial products company’s stock worth $4,707,000 after acquiring an additional 2,763 shares during the last quarter. Finally, Teza Capital Management LLC bought a new position in shares of Emerson Electric during the 1st quarter worth approximately $273,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. reduced their price target on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Wolfe Research boosted their price target on Emerson Electric from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $145.00 price objective on shares of Emerson Electric in a report on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $150.18.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total transaction of $965,979.00. Following the completion of the sale, the chief executive officer directly owned 196,292 shares in the company, valued at $26,106,836. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $135.83 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $76.38 billion, a P/E ratio of 33.62, a P/E/G ratio of 2.21 and a beta of 1.26. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock has a 50 day moving average of $133.35 and a 200-day moving average of $134.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%.The business had revenue of $3.16 billion for the quarter. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a $0.555 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is currently 54.95%.

Emerson Electric announced that its board has authorized a stock buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Emerson Electric Profile

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.