NorthRock Partners LLC Sells 1,588 Shares of Emerson Electric Co. (NYSE:EMR)

NorthRock Partners LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 30.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,640 shares of the industrial products company’s stock after selling 1,588 shares during the period. NorthRock Partners LLC’s holdings in Emerson Electric were worth $398,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of EMR. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric in the first quarter worth about $31,000. Meeder Asset Management Inc. grew its holdings in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $33,000. Versant Capital Management Inc boosted its position in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 269 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Emerson Electric in the third quarter valued at $43,000. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EMR shares. Barclays lowered their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday. Oppenheimer upped their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $125.53.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $117.67 on Wednesday. The firm’s 50 day simple moving average is $107.04 and its 200-day simple moving average is $108.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.61. The firm has a market cap of $67.39 billion, a PE ratio of 39.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.58 billion. As a group, equities analysts predict that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.79%. Emerson Electric’s dividend payout ratio (DPR) is 70.47%.

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.