Emerson Electric Co. (NYSE:EMR) Shares Sold by Inlet Private Wealth LLC

Inlet Private Wealth LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,599 shares of the industrial products company’s stock after selling 500 shares during the quarter. Inlet Private Wealth LLC’s holdings in Emerson Electric were worth $2,362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EMR. American National Bank & Trust Co. VA purchased a new stake in shares of Emerson Electric during the first quarter worth $1,011,000. SG Americas Securities LLC grew its position in Emerson Electric by 183.6% in the 1st quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock worth $9,286,000 after purchasing an additional 53,003 shares during the last quarter. Lloyd Advisory Services LLC. bought a new position in Emerson Electric during the first quarter valued at about $1,047,000. Farther Finance Advisors LLC raised its stake in shares of Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 3,060 shares in the last quarter. Finally, Norden Group LLC bought a new position in shares of Emerson Electric during the 1st quarter worth about $4,188,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Morgan Stanley initiated coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target for the company. 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 research note on Thursday, August 8th. Oppenheimer lifted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, 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 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $125.47.

Emerson Electric Trading Up 0.0 %

EMR traded up $0.03 during midday trading on Thursday, hitting $110.62. 923,661 shares of the company were exchanged, compared to its average volume of 2,703,221. The firm has a market capitalization of $63.29 billion, a P/E ratio of 5.92, a P/E/G ratio of 1.70 and a beta of 1.30. The firm’s 50 day moving average price is $105.41 and its 200-day moving average price is $109.22. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year 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 for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate 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 prior year, the firm posted $1.29 EPS. As a group, equities analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.90%. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

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.