Emerson Electric Co. $EMR Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC cut its holdings in Emerson Electric Co. (NYSE:EMR) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,399 shares of the industrial products company’s stock after selling 592 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Emerson Electric were worth $1,253,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EMR. Nuveen LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $737,318,000. Pacer Advisors Inc. lifted 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 valued at $239,569,000 after buying an additional 2,138,397 shares during the period. Alliancebernstein L.P. lifted 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 valued at $270,672,000 after buying an additional 1,693,999 shares during the period. Nordea Investment Management AB lifted its stake in shares of Emerson Electric by 19.5% during the second quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock valued at $1,223,947,000 after buying an additional 1,499,000 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted 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 valued at $215,602,000 after buying an additional 1,333,839 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent analyst reports. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Stephens increased 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. Citigroup increased their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric Stock Performance

Shares of EMR stock opened at $134.41 on Tuesday. The company’s fifty day simple moving average is $131.83 and its 200-day simple moving average is $127.51. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. 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 company has a market cap of $75.64 billion, a PE ratio of 28.90, a P/E/G ratio of 2.29 and a beta of 1.29.

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

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 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.