Northeast Financial Consultants Inc Has $508,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Northeast Financial Consultants Inc cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 17.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,616 shares of the industrial products company’s stock after selling 1,000 shares during the period. Northeast Financial Consultants Inc’s holdings in Emerson Electric were worth $508,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric in the first quarter valued at $31,000. Meeder Asset Management Inc. lifted its stake in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the last quarter. Security National Bank bought a new position in shares of Emerson Electric in the 4th quarter valued at about $29,000. Tributary Capital Management LLC bought a new stake in shares of Emerson Electric in the 1st quarter valued at about $35,000. Finally, Rise Advisors LLC acquired a new stake in Emerson Electric in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the topic of several research analyst reports. Oppenheimer upped their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research 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. Royal Bank of Canada reduced their target price 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. Finally, Redburn Atlantic began coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $124.59.

Emerson Electric Stock Up 0.3 %

Shares of EMR opened at $109.22 on Friday. The firm has a 50 day simple moving average of $105.99 and a two-hundred day simple moving average of $109.33. The company has a market cap of $62.48 billion, a P/E ratio of 5.84, a P/E/G ratio of 1.74 and a beta of 1.30. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data 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. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. Emerson Electric’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. Research analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

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.