Stonebridge Financial Group LLC Decreases Stock Holdings in Emerson Electric Co. $EMR

Stonebridge Financial Group LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,613 shares of the industrial products company’s stock after selling 460 shares during the period. Stonebridge Financial Group LLC’s holdings in Emerson Electric were worth $5,015,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of EMR. Saudi Central Bank purchased a new stake in shares of Emerson Electric in the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric in the first quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric in the first quarter valued at about $28,000. Fourth Dimension Wealth LLC raised its position in shares of Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after buying an additional 154 shares during the last quarter. Finally, Garde Capital Inc. acquired a new position in shares of Emerson Electric in the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EMR. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Daiwa Capital Markets boosted their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday. Finally, Stephens boosted their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $144.29.

Emerson Electric Price Performance

Emerson Electric stock opened at $131.44 on Friday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The firm has a fifty day moving average of $132.98 and a 200-day moving average of $125.09. The firm has a market capitalization of $73.97 billion, a P/E ratio of 28.27, a PEG ratio of 2.31 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 (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 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.