Fort L.P. Sells 313 Shares of Emerson Electric Co. (NYSE:EMR)

Fort L.P. decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 12.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,137 shares of the industrial products company’s stock after selling 313 shares during the period. Fort L.P.’s holdings in Emerson Electric were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of EMR. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric during the first quarter valued at $31,000. Meeder Asset Management Inc. raised its position in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth about $33,000. Versant Capital Management Inc raised its position in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 269 shares during the last quarter. Finally, Matrix Trust Co acquired a new stake in Emerson Electric in the 3rd quarter valued at about $44,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Barclays decreased their price objective on shares of 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, Wells Fargo & Company reduced 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 report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Price Performance

Shares of EMR stock traded up $0.19 during mid-day trading on Friday, reaching $108.46. The company’s stock had a trading volume of 1,853,615 shares, compared to its average volume of 2,134,427. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The company has a market cap of $62.12 billion, a P/E ratio of 36.40, a PEG ratio of 1.66 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. The firm’s 50-day moving average is $106.66 and its two-hundred day moving average is $108.86.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. The company’s revenue was up 11.0% on a year-over-year basis. On average, research analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.94%. Emerson Electric’s dividend payout ratio is presently 70.47%.

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.