Hummer Financial Advisory Services Inc Has $536,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Hummer Financial Advisory Services Inc decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 3.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,900 shares of the industrial products company’s stock after selling 200 shares during the quarter. Hummer Financial Advisory Services Inc’s holdings in Emerson Electric were worth $536,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EMR. Newport Trust Company LLC bought a new position in shares of Emerson Electric in the 2nd quarter valued at $574,908,000. Swedbank AB grew its position in Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring an additional 1,424,800 shares during the last quarter. Perpetual Ltd grew its position in Emerson Electric by 57,336.1% during the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after acquiring an additional 1,204,058 shares during the last quarter. Clean Energy Transition LLP grew its position in Emerson Electric by 110.7% during the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after acquiring an additional 990,615 shares during the last quarter. Finally, Sarasin & Partners LLP bought a new stake in Emerson Electric during the 3rd quarter worth $87,551,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock traded up $1.39 during trading on Wednesday, hitting $110.64. The company’s stock had a trading volume of 425,162 shares, compared to its average volume of 2,706,172. The company has a market cap of $63.30 billion, a PE ratio of 5.91, a P/E/G ratio of 1.70 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $105.18 and a 200-day moving average of $109.21. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. Emerson Electric’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 earnings per share. As a group, research analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EMR shares. Barclays reduced their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada reduced their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird upped their price target on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Finally, Redburn Atlantic assumed coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $125.47.

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.