Acropolis Investment Management LLC trimmed its position in Emerson Electric Co. (NYSE:EMR – Get Rating) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,060 shares of the industrial products company’s stock after selling 607 shares during the period. Acropolis Investment Management LLC’s holdings in Emerson Electric were worth $562,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gibson Wealth Advisors LLC acquired a new stake in Emerson Electric in the fourth quarter valued at $37,000. Offit Capital Advisors LLC raised its stake in shares of Emerson Electric by 9.0% during the 1st quarter. Offit Capital Advisors LLC now owns 3,098 shares of the industrial products company’s stock worth $304,000 after buying an additional 256 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Emerson Electric by 3.7% during the 4th quarter. California State Teachers Retirement System now owns 1,082,820 shares of the industrial products company’s stock worth $100,670,000 after buying an additional 38,949 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Emerson Electric by 8.7% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 6,862 shares of the industrial products company’s stock valued at $673,000 after purchasing an additional 550 shares during the last quarter. Finally, Stonnington Group LLC raised its stake in Emerson Electric by 4.4% in the 1st quarter. Stonnington Group LLC now owns 44,577 shares of the industrial products company’s stock valued at $4,154,000 after purchasing an additional 1,865 shares during the last quarter. Institutional investors and hedge funds own 72.75% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently weighed in on EMR. Citigroup boosted their target price on shares of Emerson Electric to $99.00 in a research note on Monday, August 15th. Barclays lowered their price target on Emerson Electric from $87.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, July 8th. Morgan Stanley lifted their price target on Emerson Electric from $95.00 to $97.00 and gave the company an “equal weight” rating in a report on Wednesday, August 10th. Argus lifted their price target on Emerson Electric from $95.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. Finally, Sanford C. Bernstein decreased their target price on Emerson Electric from $105.00 to $100.00 and set a “mkt perform” rating for the company in a report on Wednesday, August 17th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $98.77.
Emerson Electric Trading Down 2.0 %
Emerson Electric (NYSE:EMR – Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. Emerson Electric had a return on equity of 25.06% and a net margin of 16.45%. The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period last year, the company posted $1.09 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts predict that Emerson Electric Co. will post 5.11 earnings per share for the current year.
Emerson Electric Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $2.06 annualized dividend and a dividend yield of 2.78%. Emerson Electric’s dividend payout ratio is 39.02%.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.
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