Emerson Electric Co. $EMR Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its holdings in Emerson Electric Co. (NYSE:EMR) by 4.5% during the 2nd quarter, Holdings Channel reports. The firm owned 31,640 shares of the industrial products company’s stock after selling 1,488 shares during the period. Apollon Wealth Management LLC’s holdings in Emerson Electric were worth $4,219,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Saudi Central Bank acquired a new stake in Emerson Electric during the first quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric during the first quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new stake in Emerson Electric during the first quarter worth approximately $28,000. Fourth Dimension Wealth LLC boosted 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 acquiring an additional 154 shares during the last quarter. Finally, Garde Capital Inc. acquired a new stake in Emerson Electric during the first quarter worth approximately $36,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EMR shares. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday. Stephens raised their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Wells Fargo & Company restated an “equal weight” rating and set a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, KeyCorp lifted their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.29.

Emerson Electric Stock Performance

Shares of EMR stock opened at $125.99 on Friday. The company’s fifty day simple moving average is $132.66 and its 200-day simple moving average is $125.25. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week 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 company has a market cap of $70.91 billion, a PE ratio of 27.09, a P/E/G ratio of 2.19 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $3.16 billion for the quarter. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 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.