Marble Harbor Investment Counsel LLC Has $4.21 Million Position in Emerson Electric Co. (NYSE:EMR)

Marble Harbor Investment Counsel LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 38,198 shares of the industrial products company’s stock after selling 200 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Emerson Electric were worth $4,208,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. American National Bank & Trust Co. VA bought a new position in Emerson Electric in the 1st quarter valued at about $1,011,000. Exencial Wealth Advisors LLC raised its position in Emerson Electric by 17.6% during the fourth quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock valued at $4,780,000 after purchasing an additional 7,358 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of 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 valued at $9,286,000 after purchasing an additional 53,003 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Emerson Electric in the 1st quarter valued at $1,047,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after buying an additional 3,060 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE EMR opened at $102.03 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The company has a fifty day moving average price of $107.81 and a 200-day moving average price of $109.60. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The firm has a market cap of $58.37 billion, a price-to-earnings ratio of 5.46, a PEG ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data 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. The firm had revenue of $4.38 billion during 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%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. As a group, equities research analysts predict that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.06%. Emerson Electric’s payout ratio is currently 11.24%.

Analysts Set New Price Targets

EMR has been the subject of several research analyst reports. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. 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 research note on Thursday, August 8th. Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. Wells Fargo & Company dropped their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Redburn Atlantic assumed coverage on Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.29.

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.