Tilia Fiduciary Partners Inc. Trims Position in Emerson Electric Co. $EMR

Tilia Fiduciary Partners Inc. lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 36.1% in the second quarter, Holdings Channel reports. The fund owned 5,309 shares of the industrial products company’s stock after selling 3,003 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in Emerson Electric were worth $708,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of EMR. Wellington Management Group LLP increased its position in Emerson Electric by 6.9% in the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after buying an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. increased its position in Emerson Electric by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock worth $785,770,000 after buying an additional 611,105 shares in the last quarter. Nuveen LLC purchased a new stake in Emerson Electric in the first quarter worth about $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Emerson Electric by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock worth $448,053,000 after buying an additional 223,831 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Emerson Electric by 18.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company’s stock worth $415,912,000 after buying an additional 579,653 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wells Fargo & Company upped their price target on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Citigroup upped their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. 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 research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research note on Saturday, September 27th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday. Two investment 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $144.88.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $134.79 on Friday. The stock has a 50 day moving average of $134.13 and a 200 day moving average of $124.55. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The firm has a market cap of $75.86 billion, a PE ratio of 28.99, a PEG ratio of 2.34 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last announced 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. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period in the prior year, the company earned $1.43 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. On average, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) 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.