DMKC Advisory Services LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 82.8% during the third quarter, Holdings Channel reports. The firm owned 1,901 shares of the industrial products company’s stock after selling 9,177 shares during the quarter. DMKC Advisory Services LLC’s holdings in Emerson Electric were worth $295,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. William Mack & Associates Inc. purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at $25,000. Allied Private Wealth LLC acquired a new position in Emerson Electric during the 2nd quarter worth about $27,000. Financial Management Professionals Inc. boosted its holdings in Emerson Electric by 100.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 86 shares during the period. Next Level Wealth Planning LLC purchased a new position in Emerson Electric during the 3rd quarter valued at about $27,000. Finally, Orion Capital Management LLC purchased a new position in Emerson Electric during the 2nd quarter valued at about $29,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Trading Up 4.4%
NYSE:EMR opened at $169.56 on Tuesday. The firm has a market cap of $94.97 billion, a PE ratio of 35.47, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The stock has a fifty day moving average price of $158.19 and a 200 day moving average price of $147.71. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $172.00. The company has a current ratio of 0.94, a quick ratio of 0.66 and a debt-to-equity ratio of 0.36.
Emerson Electric (NYSE:EMR – Get Free Report) last released its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.11 billion. During the same period in the previous year, the firm posted $1.62 EPS. Emerson Electric’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts anticipate that Emerson Electric Co. will post 7.34 earnings per share for the current fiscal year.
Emerson Electric Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be paid a $0.5950 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 13th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.5550. Emerson Electric’s dividend payout ratio (DPR) is 46.44%.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Wall Street Zen lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Saturday. BMO Capital Markets raised shares of Emerson Electric from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 1st. Morgan Stanley lowered their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “underweight” rating for the company in a research note on Tuesday, November 3rd. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Finally, Royal Bank Of Canada upped their target price on shares of Emerson Electric from $188.00 to $196.00 and gave the stock an “outperform” rating in a research note on Thursday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $175.38.
Get Our Latest Research Report on Emerson Electric
Emerson Electric Company Profile
Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.
The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.
Founded in 1890 and headquartered in St.
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