M.E. Allison & CO. Inc. Cuts Position in Emerson Electric Co. $EMR

M.E. Allison & CO. Inc. trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,600 shares of the industrial products company’s stock after selling 121 shares during the period. M.E. Allison & CO. Inc.’s holdings in Emerson Electric were worth $347,000 at the end of the most recent reporting period.

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

Emerson Electric Price Performance

EMR stock opened at $125.99 on Monday. The company has a market capitalization of $70.91 billion, a P/E ratio of 27.09, a PEG ratio of 2.19 and a beta of 1.29. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The business has a 50 day simple moving average of $132.66 and a 200-day simple moving average of $125.34. 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 posted its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share 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%. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is 45.38%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on EMR shares. Stephens upped their price target on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, Jefferies Financial Group lowered their price target on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $145.56.

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.