Emerson Electric Co. (NYSE:EMR) Stake Lessened by Invesco LLC

Invesco LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,517 shares of the industrial products company’s stock after selling 105 shares during the period. Invesco LLC’s holdings in Emerson Electric were worth $822,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in Emerson Electric in the 1st quarter valued at approximately $31,000. Meeder Asset Management Inc. increased its stake in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the third quarter valued at $33,000. Versant Capital Management Inc grew its stake in Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares in the last quarter. Finally, Matrix Trust Co purchased a new stake in shares of Emerson Electric during the 3rd quarter worth about $44,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on EMR. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada reduced their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company cut their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, Redburn Atlantic started coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.47.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $0.19 during midday trading on Friday, reaching $108.46. The company had a trading volume of 1,853,615 shares, compared to its average volume of 2,683,223. The stock has a fifty day simple moving average of $106.66 and a 200 day simple moving average of $108.88. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. 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 company has a market capitalization of $62.12 billion, a price-to-earnings ratio of 36.40, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.94%. Emerson Electric’s dividend payout ratio is currently 70.47%.

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.