Newman Dignan & Sheerar Inc. Has $1.46 Million Holdings in Emerson Electric Co. $EMR

Newman Dignan & Sheerar Inc. lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 10,935 shares of the industrial products company’s stock after selling 909 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Emerson Electric were worth $1,458,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. SOA Wealth Advisors LLC. raised its position in shares of Emerson Electric by 249.2% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 433 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 309 shares in the last quarter. First Pacific Financial grew its stake in Emerson Electric by 17.3% during the second quarter. First Pacific Financial now owns 2,159 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 319 shares during the period. Chelsea Counsel Co. increased its holdings in Emerson Electric by 1.6% in the second quarter. Chelsea Counsel Co. now owns 15,228 shares of the industrial products company’s stock worth $2,030,000 after purchasing an additional 245 shares in the last quarter. Trust Co. of Vermont lifted its stake in Emerson Electric by 0.7% in the second quarter. Trust Co. of Vermont now owns 157,335 shares of the industrial products company’s stock valued at $20,977,000 after buying an additional 1,077 shares during the period. Finally, Impact Capital Partners LLC boosted its holdings in shares of Emerson Electric by 3.9% during the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock worth $255,000 after buying an additional 71 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.0%

EMR stock opened at $131.20 on Thursday. The firm has a market capitalization of $73.84 billion, a PE ratio of 28.21, a P/E/G ratio of 2.49 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The stock’s 50 day moving average is $134.71 and its 200-day moving average is $124.26.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 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%.Emerson Electric’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 EPS. Sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EMR. Stephens boosted their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Daiwa Capital Markets raised their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Bank of America upped their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. 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 analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.76.

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.