Roman Butler Fullerton & Co. Sells 291 Shares of Emerson Electric Co. (NYSE:EMR)

Roman Butler Fullerton & Co. reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,682 shares of the industrial products company’s stock after selling 291 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Emerson Electric were worth $1,167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Donaldson Capital Management LLC lifted its position in shares of Emerson Electric by 4.0% during the third quarter. Donaldson Capital Management LLC now owns 5,181 shares of the industrial products company’s stock worth $567,000 after acquiring an additional 197 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Emerson Electric by 6.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 231,232 shares of the industrial products company’s stock valued at $25,290,000 after purchasing an additional 13,523 shares during the period. Blue Square Asset Management LLC lifted its holdings in Emerson Electric by 0.5% during the 3rd quarter. Blue Square Asset Management LLC now owns 19,933 shares of the industrial products company’s stock worth $2,180,000 after purchasing an additional 108 shares in the last quarter. TrueWealth Advisors LLC grew its holdings in Emerson Electric by 148.7% during the 3rd quarter. TrueWealth Advisors LLC now owns 5,578 shares of the industrial products company’s stock valued at $610,000 after buying an additional 3,335 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after buying an additional 2,016,075 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

NYSE:EMR opened at $108.46 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The business has a 50 day moving average price of $106.66 and a 200-day moving average price of $108.85. The firm has a market cap of $62.12 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30.

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

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently commented on EMR. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. 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. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Barclays lowered their target price on shares of 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $125.47.

Emerson Electric Company 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.