Core Alternative Capital Trims Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Core Alternative Capital lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 23.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,555 shares of the industrial products company’s stock after selling 11,304 shares during the quarter. Core Alternative Capital’s holdings in Emerson Electric were worth $4,137,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EMR. William B. Walkup & Associates Inc. bought a new stake in Emerson Electric during the second quarter worth about $1,152,000. Coastal Bridge Advisors LLC bought a new stake in shares of Emerson Electric in the 2nd quarter worth approximately $258,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Emerson Electric by 3.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 381,128 shares of the industrial products company’s stock worth $41,985,000 after buying an additional 10,994 shares during the last quarter. Silver Lake Advisory LLC increased its position in Emerson Electric by 0.4% during the 2nd quarter. Silver Lake Advisory LLC now owns 24,044 shares of the industrial products company’s stock valued at $2,649,000 after buying an additional 104 shares in the last quarter. Finally, Creative Planning raised its stake in Emerson Electric by 3.4% during the second quarter. Creative Planning now owns 181,939 shares of the industrial products company’s stock valued at $20,042,000 after buying an additional 6,051 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $109.22 on Monday. The firm’s 50 day moving average price is $105.99 and its 200-day moving average price is $109.32. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $62.48 billion, a PE ratio of 5.84, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations 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 was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 EPS. Equities research analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EMR shares. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report 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 report on Thursday, August 8th. Barclays decreased their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company cut their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Royal Bank of Canada decreased their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $124.59.

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.