Emerson Electric Co. $EMR Shares Sold by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,772 shares of the industrial products company’s stock after selling 262 shares during the period. Emerson Electric accounts for about 1.3% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 21st largest position. Advisors Management Group Inc. ADV’s holdings in Emerson Electric were worth $7,036,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Saudi Central Bank acquired a new position in Emerson Electric in the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric in the first quarter valued at $27,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric in the first quarter valued at $28,000. Fourth Dimension Wealth LLC lifted its position in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after buying an additional 154 shares during the period. Finally, Ameriflex Group Inc. acquired a new stake in Emerson Electric in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EMR. Citigroup increased their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Bank of America lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Daiwa Capital Markets upped their price objective on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Wells Fargo & Company raised their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $143.76.

Emerson Electric Trading Down 1.1%

NYSE:EMR opened at $128.70 on Friday. The business’s 50-day moving average is $135.56 and its two-hundred day moving average is $123.85. The firm has a market capitalization of $72.43 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.47 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR) last posted 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 business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 earnings per share. Research 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s payout ratio is presently 45.38%.

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.