Blair William & Co. IL Sells 56,332 Shares of Emerson Electric Co. (NYSE:EMR)

Blair William & Co. IL cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 12.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 405,563 shares of the industrial products company’s stock after selling 56,332 shares during the quarter. Blair William & Co. IL owned approximately 0.07% of Emerson Electric worth $44,677,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. grew its position in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the period. Security National Bank purchased a new stake in Emerson Electric during the fourth quarter worth about $29,000. Tributary Capital Management LLC bought a new stake in Emerson Electric in the first quarter worth about $35,000. Finally, Cape Investment Advisory Inc. boosted its stake in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 188 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Down 0.2 %

Shares of EMR stock opened at $103.70 on Thursday. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The business’s fifty day moving average is $107.39 and its 200 day moving average is $109.50. 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 company has a market capitalization of $59.33 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the firm posted $1.29 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts anticipate 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. Shareholders 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 dividend on an annualized basis and a yield of 2.03%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EMR. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Oppenheimer lowered their target price on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Redburn Atlantic started coverage on Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 price target for the company. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Finally, Morgan Stanley started coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.29.

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.