Ramsay Stattman Vela & Price Inc. Sells 236 Shares of Emerson Electric Co. (NYSE:EMR)

Ramsay Stattman Vela & Price Inc. cut its holdings in Emerson Electric Co. (NYSE:EMR) by 0.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,754 shares of the industrial products company’s stock after selling 236 shares during the quarter. Emerson Electric makes up 1.6% of Ramsay Stattman Vela & Price Inc.’s holdings, making the stock its 23rd biggest holding. Ramsay Stattman Vela & Price Inc.’s holdings in Emerson Electric were worth $8,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in Emerson Electric by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after purchasing an additional 1,488,948 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Emerson Electric by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock worth $1,036,982,000 after buying an additional 62,105 shares in the last quarter. Norges Bank bought a new position in shares of Emerson Electric in the 4th quarter valued at $764,604,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Emerson Electric by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,174,088 shares of the industrial products company’s stock valued at $308,934,000 after acquiring an additional 60,990 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Emerson Electric by 219.2% in the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after purchasing an additional 1,786,583 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EMR. Oppenheimer reduced their price target on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Barclays cut their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada lowered their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.18.

Emerson Electric Stock Up 1.2 %

NYSE EMR traded up $1.30 on Friday, hitting $105.39. 3,476,241 shares of the company were exchanged, compared to its average volume of 3,082,561. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month 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 cap of $60.36 billion, a PE ratio of 5.64, a PEG ratio of 1.75 and a beta of 1.32. The stock has a fifty day moving average of $109.40 and a 200-day moving average of $109.92.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 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 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 revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $1.29 EPS. As a group, analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, August 16th. Emerson Electric’s payout ratio is currently 11.24%.

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.