Ameritas Advisory Services LLC Sells 2,055 Shares of Emerson Electric Co. $EMR

Ameritas Advisory Services LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 14.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 11,796 shares of the industrial products company’s stock after selling 2,055 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Emerson Electric were worth $1,573,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EMR. Saudi Central Bank bought a new position in shares of Emerson Electric during the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new position in shares of Emerson Electric during the 1st quarter worth approximately $28,000. Fourth Dimension Wealth LLC lifted its position in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after buying an additional 154 shares in the last quarter. Finally, PFS Partners LLC lifted its position in shares of Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after buying an additional 108 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Bank of America lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Daiwa Capital Markets lifted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Stephens raised their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. KeyCorp raised their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Finally, TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $144.88.

Emerson Electric Stock Up 1.3%

Emerson Electric stock opened at $134.79 on Friday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The firm has a market capitalization of $75.86 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 2.34 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $134.13 and a 200 day simple moving average of $124.55.

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

Emerson Electric Announces Dividend

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

Emerson Electric Company 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.