Schechter Investment Advisors LLC Sells 720 Shares of Emerson Electric Co. (NYSE:EMR)

Schechter Investment Advisors LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,864 shares of the industrial products company’s stock after selling 720 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Emerson Electric were worth $960,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EMR. RB Capital Management LLC increased its stake in shares of Emerson Electric by 3.0% in the first quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock valued at $525,000 after buying an additional 155 shares during the period. Fairfield Bush & CO. acquired a new position in shares of Emerson Electric in the first quarter valued at approximately $116,000. Prudential PLC acquired a new position in shares of Emerson Electric in the first quarter valued at approximately $1,215,000. Sequoia Financial Advisors LLC increased its stake in shares of Emerson Electric by 17.5% in the first quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock valued at $934,000 after buying an additional 1,418 shares during the period. Finally, Brighton Jones LLC increased its stake in shares of Emerson Electric by 31.8% in the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock valued at $378,000 after buying an additional 931 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $113.45 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $103.91 and its two-hundred day simple moving average is $96.90. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $113.46. The stock has a market cap of $64.76 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 1.94 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. As a group, analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.85%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Mizuho upped their price objective on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Barclays increased their target price on shares of Emerson Electric from $91.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday, February 8th. KeyCorp increased their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. UBS Group increased their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Bank of America increased their target price 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. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.25% of the stock is currently owned by insiders.

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.