Emerson Electric Co. $EMR Shares Sold by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,512 shares of the industrial products company’s stock after selling 110 shares during the period. Tounjian Advisory Partners LLC’s holdings in Emerson Electric were worth $1,402,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dominguez Wealth Management Solutions Inc. lifted its stake in shares of Emerson Electric by 0.4% in the 2nd quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company’s stock valued at $3,007,000 after purchasing an additional 84 shares during the last quarter. Hohimer Wealth Management LLC lifted its stake in shares of Emerson Electric by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company’s stock valued at $3,066,000 after purchasing an additional 95 shares during the last quarter. Clearstead Trust LLC lifted its stake in shares of Emerson Electric by 7.4% in the 1st quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 97 shares during the last quarter. One Wealth Advisors LLC lifted its stake in shares of Emerson Electric by 5.7% in the 1st quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 99 shares during the last quarter. Finally, J. W. Coons Advisors LLC raised its holdings in shares of Emerson Electric by 0.8% in the 1st quarter. J. W. Coons Advisors LLC now owns 13,000 shares of the industrial products company’s stock valued at $1,425,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the topic of several research analyst reports. KeyCorp boosted their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Stephens boosted their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Wells Fargo & Company boosted their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Finally, Citigroup boosted their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.39.

Emerson Electric Trading Down 4.9%

NYSE:EMR opened at $129.03 on Wednesday. The stock has a market cap of $72.62 billion, a P/E ratio of 27.75, a P/E/G ratio of 2.64 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The stock has a 50-day simple moving average of $137.14 and a 200-day simple moving average of $123.00.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is 45.38%.

About Emerson Electric

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.