J. W. Coons Advisors LLC Sells 150 Shares of Emerson Electric Co. (NYSE:EMR)

J. W. Coons Advisors LLC lowered its stake in Emerson Electric Co. (NYSE:EMRFree Report) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,600 shares of the industrial products company’s stock after selling 150 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Emerson Electric were worth $1,324,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EMR. Tobam grew its holdings in Emerson Electric by 2,275.0% in the 4th 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. Cape Investment Advisory Inc. increased its holdings in Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares during the period. Tennessee Valley Asset Management Partners bought a new position in Emerson Electric during the 4th quarter valued at approximately $35,000. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $39,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Emerson Electric during the fourth quarter valued at approximately $39,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.9 %

Shares of Emerson Electric stock opened at $108.00 on Friday. The company has a 50-day simple moving average of $111.30 and a two-hundred day simple moving average of $103.56. The stock has a market capitalization of $61.79 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 1.81 and a beta of 1.33. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $116.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18.

Emerson Electric (NYSE:EMRGet Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 EPS. On average, analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Analysts Set New Price Targets

EMR has been the topic of several recent analyst reports. Bank of America lifted their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Loop Capital boosted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Berenberg Bank raised their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. 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. Finally, Citigroup lifted their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $120.56.

Get Our Latest Analysis on Emerson Electric

Emerson Electric Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMRFree Report).

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

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.