Trifecta Capital Advisors LLC Decreases Stock Holdings in Emerson Electric Co. $EMR

Trifecta Capital Advisors LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 15.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 778 shares of the industrial products company’s stock after selling 146 shares during the period. Trifecta Capital Advisors LLC’s holdings in Emerson Electric were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Maryland State Retirement & Pension System grew its holdings in Emerson Electric by 2.5% during the second quarter. Maryland State Retirement & Pension System now owns 27,394 shares of the industrial products company’s stock valued at $3,652,000 after purchasing an additional 676 shares during the period. Optas LLC grew its holdings in Emerson Electric by 30.6% during the second quarter. Optas LLC now owns 2,784 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 653 shares during the period. Massachusetts Wealth Management grew its holdings in Emerson Electric by 2.5% during the second quarter. Massachusetts Wealth Management now owns 19,483 shares of the industrial products company’s stock valued at $2,598,000 after purchasing an additional 472 shares during the period. Bar Harbor Wealth Management boosted its holdings in shares of Emerson Electric by 0.6% in the second quarter. Bar Harbor Wealth Management now owns 74,480 shares of the industrial products company’s stock worth $9,930,000 after acquiring an additional 425 shares during the period. Finally, Ignite Planners LLC purchased a new position in shares of Emerson Electric in the second quarter valued at $237,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Up 1.2%

NYSE EMR opened at $133.10 on Thursday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average of $133.25 and a 200-day moving average of $124.98. The firm has a market cap of $74.91 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last announced its quarterly 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. 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 for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the previous year, the business earned $1.43 EPS. Emerson Electric’s revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. The ex-dividend date 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%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Citigroup lifted their price target on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday. Stephens lifted their price target on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Finally, Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $144.29.

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.