Valeo Financial Advisors LLC Sells 941 Shares of Emerson Electric Co. (NYSE:EMR)

Valeo Financial Advisors LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,368 shares of the industrial products company’s stock after selling 941 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Emerson Electric were worth $1,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EMR. American National Bank & Trust Co. VA bought a new position in Emerson Electric in the first quarter worth $1,011,000. SG Americas Securities LLC raised its holdings in Emerson Electric by 183.6% in the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock worth $9,286,000 after purchasing an additional 53,003 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in Emerson Electric in the first quarter worth $1,047,000. Farther Finance Advisors LLC raised its holdings in Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after purchasing an additional 3,060 shares in the last quarter. Finally, Norden Group LLC bought a new position in Emerson Electric in the first quarter worth $4,188,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EMR. Barclays cut their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Royal Bank of Canada cut their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley began coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Finally, Redburn Atlantic began coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.59.

Emerson Electric Trading Up 1.1 %

Shares of NYSE:EMR opened at $112.06 on Friday. The stock has a market capitalization of $64.11 billion, a price-to-earnings ratio of 6.00, a PEG ratio of 1.70 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The stock’s 50-day simple moving average is $105.03 and its two-hundred day simple moving average is $109.27. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the company earned $1.29 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

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.