Quadcap Wealth Management LLC Sells 304 Shares of Emerson Electric Co. (NYSE:EMR)

Quadcap Wealth Management LLC cut its position in Emerson Electric Co. (NYSE:EMR) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,247 shares of the industrial products company’s stock after selling 304 shares during the period. Quadcap Wealth Management LLC’s holdings in Emerson Electric were worth $1,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stokes Family Office LLC boosted its position in Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock valued at $1,141,000 after buying an additional 4,480 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock valued at $10,187,000 after buying an additional 6,321 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in Emerson Electric by 7.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company’s stock valued at $749,000 after buying an additional 434 shares in the last quarter. World Investment Advisors boosted its position in Emerson Electric by 41.2% in the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock valued at $2,581,000 after buying an additional 6,079 shares in the last quarter. Finally, Howland Capital Management LLC lifted its position in shares of Emerson Electric by 13.0% during the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock worth $3,283,000 after purchasing an additional 3,054 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR opened at $120.45 on Friday. The company has a fifty day simple moving average of $107.20 and a 200 day simple moving average of $118.78. The stock has a market cap of $67.75 billion, a P/E ratio of 28.75, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. On average, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be paid a $0.5275 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.75%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.48%.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Morgan Stanley upped their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company upped their target price on shares of Emerson Electric from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve 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 a consensus rating of “Moderate Buy” and an average price target of $130.88.

Emerson Electric Company 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.