Royal Capital Wealth Management LLC Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

Royal Capital Wealth Management LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,409 shares of the industrial products company’s stock after selling 92 shares during the quarter. Royal Capital Wealth Management LLC’s holdings in Emerson Electric were worth $670,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new position in Emerson Electric during the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric during the 4th quarter valued at $28,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric during the 4th quarter valued at $30,000. Finally, Fiduciary Advisors Inc. bought a new stake in shares of Emerson Electric during the 4th quarter valued at $35,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EMR. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Morgan Stanley upped their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Citigroup upped their price target on shares of Emerson Electric from $119.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. KeyCorp reduced their price target on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company upped their price target on shares of Emerson Electric from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.24.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Emerson Electric Stock Down 1.4%

NYSE EMR opened at $117.95 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The company has a market capitalization of $66.35 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The stock has a 50 day moving average price of $107.75 and a 200-day moving average price of $119.08.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 EPS. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.79%. Emerson Electric’s dividend payout ratio is currently 50.48%.

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.