Fifth Third Wealth Advisors LLC Reduces Position in Emerson Electric Co. $EMR

Fifth Third Wealth Advisors LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,503 shares of the industrial products company’s stock after selling 1,525 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Emerson Electric were worth $1,534,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Nuveen LLC purchased a new stake in shares of Emerson Electric during the first quarter worth about $737,318,000. Pacer Advisors Inc. increased its holdings in Emerson Electric by 4,583.7% in the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after buying an additional 2,138,397 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Emerson Electric by 218.7% in the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock valued at $270,672,000 after buying an additional 1,693,999 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Emerson Electric by 210.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock valued at $215,602,000 after buying an additional 1,333,839 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Emerson Electric by 6.9% in the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock valued at $1,675,403,000 after buying an additional 980,652 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Citigroup lifted their target price on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $144.29.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $125.99 on Friday. 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 stock has a 50 day simple moving average of $132.66 and a 200-day simple moving average of $125.25. The company has a market cap of $70.91 billion, a PE ratio of 27.09, a P/E/G ratio of 2.19 and a beta of 1.29. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. On average, equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is 45.38%.

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.