Virginia Wealth Management Group Inc. Decreases Position in Emerson Electric Co. (NYSE:EMR)

Virginia Wealth Management Group Inc. lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,163 shares of the industrial products company’s stock after selling 864 shares during the period. Emerson Electric makes up about 2.0% of Virginia Wealth Management Group Inc.’s portfolio, making the stock its 29th biggest holding. Virginia Wealth Management Group Inc.’s holdings in Emerson Electric were worth $3,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EMR. Orion Capital Management LLC purchased a new stake in shares of Emerson Electric during the 4th quarter valued at $25,000. Vega Investment Solutions purchased a new stake in shares of Emerson Electric during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric in the 4th quarter worth $28,000. Ameriflex Group Inc. purchased a new position in Emerson Electric in the 4th quarter worth $30,000. Finally, Meeder Asset Management Inc. raised its stake in Emerson Electric by 208.2% in the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $126.98 on Wednesday. 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 twelve month low of $90.06 and a twelve month high of $134.85. The business has a 50-day moving average price of $110.49 and a 200 day moving average price of $118.46. The firm has a market cap of $71.43 billion, a PE ratio of 30.31, a P/E/G ratio of 2.49 and a beta of 1.28.

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

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s payout ratio is 50.48%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EMR shares. JPMorgan Chase & Co. raised their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Barclays upped their price objective on shares of Emerson Electric from $112.00 to $118.00 and gave the company an “underweight” rating in a report on Monday. Citigroup upped their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, Royal Bank of Canada lifted their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.00.

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.