Golden State Wealth Management LLC Has $50,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Golden State Wealth Management LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 39.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 452 shares of the industrial products company’s stock after selling 299 shares during the quarter. Golden State Wealth Management LLC’s holdings in Emerson Electric were worth $50,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its position in shares of Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after buying an additional 4,850 shares during the last quarter. Assetmark Inc. lifted its position in shares of Emerson Electric by 12.3% during the 4th quarter. Assetmark Inc. now owns 8,715 shares of the industrial products company’s stock worth $1,080,000 after buying an additional 956 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Emerson Electric during the 4th quarter worth $291,000. Inceptionr LLC bought a new stake in shares of Emerson Electric during the 4th quarter worth $529,000. Finally, Callan Family Office LLC lifted its position in shares of Emerson Electric by 147.3% during the 4th quarter. Callan Family Office LLC now owns 8,549 shares of the industrial products company’s stock worth $1,059,000 after buying an additional 5,092 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the sale, the chief executive officer owned 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

Emerson Electric Trading Down 0.4%

Shares of EMR stock opened at $137.30 on Monday. The stock has a 50-day moving average of $121.74 and a 200-day moving average of $118.40. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $139.90. The stock has a market cap of $77.23 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 2.71 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. On average, equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.54%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.48%.

Analyst Upgrades and Downgrades

EMR has been the subject of several recent analyst reports. Barclays upped their price objective on Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a research report on Monday, June 9th. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Royal Bank Of Canada increased their target price on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Wells Fargo & Company increased their target price on Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.61.

Emerson Electric Profile

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.