Candriam S.C.A. Sells 133,344 Shares of Emerson Electric Co. $EMR

Candriam S.C.A. trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 12.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 912,975 shares of the industrial products company’s stock after selling 133,344 shares during the period. Emerson Electric comprises approximately 0.7% of Candriam S.C.A.’s holdings, making the stock its 25th largest position. Candriam S.C.A.’s holdings in Emerson Electric were worth $121,732,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Impact Capital Partners LLC boosted its stake in Emerson Electric by 3.9% during the second quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock worth $255,000 after buying an additional 71 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of Emerson Electric by 1.7% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock worth $578,000 after acquiring an additional 71 shares during the last quarter. Jag Capital Management LLC boosted its stake in shares of Emerson Electric by 1.9% during the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock worth $527,000 after purchasing an additional 72 shares during the period. Beacon Financial Advisory LLC grew its holdings in Emerson Electric by 2.9% during the 2nd quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 77 shares during the last quarter. Finally, Petros Family Wealth LLC raised its position in Emerson Electric by 0.9% in the 2nd quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock worth $1,243,000 after purchasing an additional 80 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 2.2%

NYSE:EMR opened at $132.40 on Thursday. 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. The company has a 50-day moving average of $132.35 and a 200 day moving average of $130.33. The firm has a market cap of $74.51 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its quarterly 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 during the quarter. As a group, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a dividend of $0.555 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 annualized dividend and a yield of 1.7%. Emerson Electric’s payout ratio is 54.95%.

Emerson Electric announced that its Board of Directors has authorized a share repurchase program on Wednesday, November 5th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EMR. Jefferies Financial Group cut their target price on Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Royal Bank Of Canada lowered their target price on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Daiwa Capital Markets raised their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $149.00.

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.