Emerson Electric Co. $EMR Holdings Lowered by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,762 shares of the industrial products company’s stock after selling 489 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Emerson Electric were worth $902,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of Emerson Electric by 6.9% in the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after purchasing an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Emerson Electric by 9.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock worth $785,770,000 after purchasing an additional 611,105 shares in the last quarter. Nuveen LLC bought a new stake in shares of Emerson Electric in the 1st quarter worth approximately $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Emerson Electric by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock worth $448,053,000 after purchasing an additional 223,831 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Emerson Electric by 18.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company’s stock worth $415,912,000 after purchasing an additional 579,653 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Down 1.1%

EMR stock opened at $128.70 on Friday. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $72.43 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 2.44 and a beta of 1.30. The company has a 50 day moving average of $135.56 and a two-hundred day moving average of $123.94.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 EPS. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s payout ratio is currently 45.38%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of research reports. Citigroup boosted their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Daiwa Capital Markets boosted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday. KeyCorp boosted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Wells Fargo & Company lifted their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Finally, Stephens lifted their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.76.

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.