Emerson Electric Co. (NYSE:EMR) Stock Position Decreased by MCIA Inc

MCIA Inc decreased its stake in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 2.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,328 shares of the industrial products company’s stock after selling 465 shares during the period. MCIA Inc’s holdings in Emerson Electric were worth $1,521,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Disciplined Investments LLC lifted its position in shares of Emerson Electric by 75.0% during the 4th quarter. Disciplined Investments LLC now owns 280 shares of the industrial products company’s stock worth $26,000 after buying an additional 120 shares during the period. Widmann Financial Services Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. Newbridge Financial Services Group Inc. grew its stake in shares of Emerson Electric by 200.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 300 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 200 shares during the period. Equitec Proprietary Markets LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth $33,000. Finally, FSB Premier Wealth Management Inc. acquired a new position in Emerson Electric in the fourth quarter valued at about $35,000. 73.50% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Mark J. Bulanda sold 4,574 shares of the company’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $97.35, for a total value of $445,278.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.78% of the stock is currently owned by corporate insiders.

Shares of EMR stock traded down $1.63 during trading hours on Wednesday, hitting $78.59. 61,234 shares of the company’s stock traded hands, compared to its average volume of 2,662,704. The stock has a market cap of $46.68 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 1.77 and a beta of 1.42. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.77. The stock’s fifty day simple moving average is $87.95 and its two-hundred day simple moving average is $92.02. Emerson Electric Co. has a 12-month low of $78.54 and a 12-month high of $105.99.

Emerson Electric (NYSE:EMRGet Rating) last posted its earnings results on Wednesday, May 4th. The industrial products company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.11. Emerson Electric had a net margin of 15.16% and a return on equity of 27.72%. The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. On average, equities analysts forecast that Emerson Electric Co. will post 5.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Thursday, May 12th. Emerson Electric’s payout ratio is currently 43.10%.

A number of brokerages have recently commented on EMR. StockNews.com began coverage on Emerson Electric in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Emerson Electric from $114.00 to $110.00 in a report on Thursday, May 5th. Citigroup dropped their target price on Emerson Electric from $119.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, May 17th. Morgan Stanley dropped their price objective on Emerson Electric from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 31st. Finally, Barclays dropped their price objective on Emerson Electric from $92.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 24th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $105.12.

About Emerson Electric (Get Rating)

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

See Also

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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