Baxter Bros Inc. Decreases Stake in Emerson Electric Co. (NYSE:EMR)

Baxter Bros Inc. decreased its position in Emerson Electric Co. (NYSE:EMR) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,150 shares of the industrial products company’s stock after selling 320 shares during the period. Baxter Bros Inc.’s holdings in Emerson Electric were worth $454,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in Emerson Electric by 54.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 629,354 shares of the industrial products company’s stock valued at $68,832,000 after buying an additional 222,154 shares during the last quarter. Optas LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $215,000. Argonautica Private Wealth Management Inc. increased its stake in shares of Emerson Electric by 1.4% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 24,095 shares of the industrial products company’s stock worth $2,635,000 after purchasing an additional 335 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Emerson Electric by 4.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 8,446 shares of the industrial products company’s stock worth $916,000 after purchasing an additional 338 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Emerson Electric by 8.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,346 shares of the industrial products company’s stock worth $1,022,000 after purchasing an additional 727 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.2 %

Shares of NYSE:EMR opened at $108.46 on Friday. The firm has a fifty day moving average price of $106.66 and a two-hundred day moving average price of $108.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a market cap of $62.12 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced its quarterly 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. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the firm earned $1.29 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Analyst Upgrades and Downgrades

EMR has been the subject of several research analyst reports. Robert W. Baird raised their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Wells Fargo & Company decreased their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Oppenheimer raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. 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 stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $125.47.

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.