Exencial Wealth Advisors LLC Lowers Holdings in Emerson Electric Co. $EMR

Exencial Wealth Advisors LLC cut its holdings in Emerson Electric Co. (NYSE:EMR) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,161 shares of the industrial products company’s stock after selling 830 shares during the period. Exencial Wealth Advisors LLC’s holdings in Emerson Electric were worth $5,888,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Brookstone Capital Management raised its holdings in shares of Emerson Electric by 6.7% during the 2nd quarter. Brookstone Capital Management now owns 15,018 shares of the industrial products company’s stock worth $2,002,000 after acquiring an additional 949 shares in the last quarter. St. James Investment Company LLC increased its position in shares of Emerson Electric by 4,770.2% during the 2nd quarter. St. James Investment Company LLC now owns 126,868 shares of the industrial products company’s stock valued at $16,915,000 after purchasing an additional 124,263 shares during the last quarter. Pacific Sun Financial Corp bought a new position in shares of Emerson Electric during the 2nd quarter valued at approximately $227,000. Dupont Capital Management Corp grew its position in Emerson Electric by 16.1% in the 2nd quarter. Dupont Capital Management Corp now owns 75,328 shares of the industrial products company’s stock valued at $10,043,000 after acquiring an additional 10,464 shares during the last quarter. Finally, Triton Financial Group Inc bought a new position in Emerson Electric in the 2nd quarter valued at $1,658,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EMR. Citigroup upped their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Jefferies Financial Group decreased their price target on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Finally, Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $148.28.

Emerson Electric Stock Down 1.6%

Shares of EMR opened at $130.00 on Thursday. 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 Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock’s 50 day moving average is $131.78 and its two-hundred day moving average is $126.39. The firm has a market cap of $73.17 billion, a P/E ratio of 27.96, a PEG ratio of 2.29 and a beta of 1.29.

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

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) 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.