Chilton Capital Management LLC Has $34 Million Stock Position in Emerson Electric Co. $EMR

Chilton Capital Management LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 255,036 shares of the industrial products company’s stock after selling 904 shares during the period. Emerson Electric accounts for about 1.2% of Chilton Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Chilton Capital Management LLC’s holdings in Emerson Electric were worth $34,004,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EMR. Brighton Jones LLC raised its holdings in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after buying an additional 4,850 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Emerson Electric by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company’s stock valued at $1,126,000 after buying an additional 1,479 shares during the period. Spire Wealth Management grew its stake in shares of Emerson Electric by 1.7% during the first quarter. Spire Wealth Management now owns 6,947 shares of the industrial products company’s stock worth $762,000 after purchasing an additional 114 shares during the period. Bessemer Group Inc. increased its holdings in Emerson Electric by 21.0% during the 1st quarter. Bessemer Group Inc. now owns 29,030 shares of the industrial products company’s stock worth $3,183,000 after purchasing an additional 5,047 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in Emerson Electric by 39.5% in the 1st quarter. Golden State Wealth Management LLC now owns 1,048 shares of the industrial products company’s stock valued at $115,000 after buying an additional 297 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EMR. Jefferies Financial Group decreased their target price on Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Friday. KeyCorp raised their price target on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Wells Fargo & Company restated an “equal weight” rating and issued a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Finally, Wolfe Research decreased their target price on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric Price Performance

NYSE EMR opened at $132.81 on Friday. The stock’s fifty day moving average price is $131.77 and its 200 day moving average price is $127.14. The company has a market cap of $74.75 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 2.29 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued 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 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.