NBC Securities Inc. Sells 230 Shares of Emerson Electric Co. (NYSE:EMR)

NBC Securities Inc. decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,597 shares of the industrial products company’s stock after selling 230 shares during the quarter. NBC Securities Inc.’s holdings in Emerson Electric were worth $1,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Somerset Trust Co grew its holdings in Emerson Electric by 2.7% during the first quarter. Somerset Trust Co now owns 24,985 shares of the industrial products company’s stock worth $2,834,000 after buying an additional 652 shares in the last quarter. CWM LLC grew its holdings in Emerson Electric by 7.3% during the first quarter. CWM LLC now owns 15,725 shares of the industrial products company’s stock worth $1,784,000 after buying an additional 1,076 shares in the last quarter. Stonehearth Capital Management LLC grew its holdings in Emerson Electric by 3.3% during the first quarter. Stonehearth Capital Management LLC now owns 3,320 shares of the industrial products company’s stock worth $377,000 after buying an additional 107 shares in the last quarter. M&R Capital Management Inc. grew its holdings in Emerson Electric by 45.0% during the first quarter. M&R Capital Management Inc. now owns 844 shares of the industrial products company’s stock worth $96,000 after buying an additional 262 shares in the last quarter. Finally, Kapitalo Investimentos Ltda grew its holdings in Emerson Electric by 150.5% during the fourth quarter. Kapitalo Investimentos Ltda now owns 2,317 shares of the industrial products company’s stock worth $226,000 after buying an additional 1,392 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $108.68 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $116.76. The firm has a market cap of $62.18 billion, a price-to-earnings ratio of 5.81, a PEG ratio of 1.81 and a beta of 1.33. The business’s fifty day moving average is $110.38 and its 200 day moving average is $104.75.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company posted $1.09 EPS. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. Research analysts predict that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.93%. Emerson Electric’s payout ratio is 11.24%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EMR. Bank of America upped their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Berenberg Bank boosted their price objective on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $123.00 to $138.00 in a research report on Thursday, May 9th. Loop Capital boosted their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Robert W. Baird cut their price objective on Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $121.76.

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.