Emerson Electric Co. (NYSE:EMR) Shares Sold by Certuity LLC

Certuity LLC lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 32.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,997 shares of the industrial products company’s stock after selling 4,743 shares during the quarter. Certuity LLC’s holdings in Emerson Electric were worth $1,101,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in EMR. Wellington Management Group LLP boosted its holdings in Emerson Electric by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after buying an additional 1,488,948 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Emerson Electric by 0.6% during the 4th quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock worth $1,036,982,000 after acquiring an additional 62,105 shares in the last quarter. Norges Bank acquired a new stake in shares of Emerson Electric in the 4th quarter worth approximately $764,604,000. First Trust Advisors LP increased its stake 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 valued at $253,216,000 after purchasing an additional 1,786,583 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Emerson Electric by 6.8% during the first quarter. Van ECK Associates Corp now owns 2,106,958 shares of the industrial products company’s stock worth $238,971,000 after purchasing an additional 134,865 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EMR has been the subject of a number of research analyst reports. Oppenheimer dropped their price target on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Morgan Stanley began coverage on shares of Emerson Electric in a report on Friday. They issued an “underweight” rating and a $105.00 price target on the stock. Barclays cut their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Finally, Royal Bank of Canada lowered their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.06.

Emerson Electric Price Performance

EMR opened at $98.19 on Friday. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The company’s 50 day simple moving average is $108.69 and its 200 day simple moving average is $109.76. The stock has a market capitalization of $56.17 billion, a PE ratio of 5.25, a P/E/G ratio of 1.75 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.

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

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be issued a $0.525 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.14%. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

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.