SVB Wealth LLC Sells 532 Shares of Emerson Electric Co. (NYSE:EMR)

SVB Wealth LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,996 shares of the industrial products company’s stock after selling 532 shares during the period. SVB Wealth LLC’s holdings in Emerson Electric were worth $973,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Tobam raised its position in shares of Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at approximately $32,000. Certified Advisory Corp purchased a new position in shares of Emerson Electric in the 1st quarter valued at approximately $34,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Emerson Electric in the 4th quarter valued at approximately $35,000. Finally, Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at approximately $39,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $108.58 on Friday. The stock has a market capitalization of $61.98 billion, a price-to-earnings ratio of 5.66, a PEG ratio of 1.90 and a beta of 1.37. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The firm’s 50 day simple moving average is $109.98 and its 200-day simple moving average is $98.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.93%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Analyst Ratings Changes

EMR has been the subject of several research analyst reports. Barclays increased their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Bank of America increased their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Citigroup increased their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. UBS Group increased their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, Royal Bank of Canada increased their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.25.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by corporate insiders.

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.