Puzo Michael J Has $1.15 Million Stock Position in Emerson Electric Co. $EMR

Puzo Michael J reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.5% during the second quarter, Holdings Channel reports. The institutional investor owned 8,627 shares of the industrial products company’s stock after selling 700 shares during the period. Puzo Michael J’s holdings in Emerson Electric were worth $1,150,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Saudi Central Bank purchased a new stake in shares of Emerson Electric in the first quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric in the first quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric in the first quarter worth approximately $28,000. Fourth Dimension Wealth LLC raised its stake in shares of Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 154 shares during the last quarter. Finally, Garde Capital Inc. purchased a new stake in shares of Emerson Electric in the first quarter worth approximately $36,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Stephens increased their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a report on Monday. Finally, KeyCorp upped their target price on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.29.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $131.40 on Wednesday. The stock has a fifty day simple moving average of $133.51 and a two-hundred day simple moving average of $124.93. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The firm has a market cap of $73.95 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth 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.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.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 prior year, the company earned $1.43 earnings per share. Emerson Electric’s revenue was up 3.9% compared to the same quarter last year. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. 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 dividend payout ratio is 45.38%.

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.