Blackhawk Capital Partners LLC. Sells 3,941 Shares of Emerson Electric Co. (NYSE:EMR)

Blackhawk Capital Partners LLC. reduced its stake in Emerson Electric Co. (NYSE:EMR) by 23.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,156 shares of the industrial products company’s stock after selling 3,941 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Emerson Electric were worth $1,492,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Morgan Stanley increased its stake in Emerson Electric by 7.9% in the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after purchasing an additional 1,008,294 shares in the last quarter. Wellington Management Group LLP increased its stake in Emerson Electric by 12.5% in the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after purchasing an additional 1,488,948 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Emerson Electric by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock worth $1,036,982,000 after acquiring an additional 62,105 shares in the last quarter. Norges Bank bought a new stake in shares of Emerson Electric during the fourth quarter worth about $764,604,000. Finally, Nordea Investment Management AB increased its position in shares of Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after acquiring an additional 1,558,903 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

EMR traded down $0.10 during midday trading on Friday, reaching $109.46. The company had a trading volume of 1,468,588 shares, compared to its average volume of 2,114,307. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The stock has a market cap of $62.62 billion, a PE ratio of 5.86, a P/E/G ratio of 1.87 and a beta of 1.32. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $116.76. The business has a 50-day moving average price of $109.97 and a two-hundred day moving average price of $106.11.

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

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Analysts Set New Price Targets

Several research firms have recently commented on EMR. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Mizuho boosted their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. UBS Group boosted their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Loop Capital boosted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Barclays boosted their price target on shares of Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $122.76.

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.