Searle & CO. Sells 500 Shares of Emerson Electric Co. $EMR

Searle & CO. trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 7.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,825 shares of the industrial products company’s stock after selling 500 shares during the quarter. Searle & CO.’s holdings in Emerson Electric were worth $777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Davis Investment Partners LLC purchased a new stake in Emerson Electric during the 2nd quarter valued at $692,000. CORDA Investment Management LLC. bought a new stake in shares of Emerson Electric in the second quarter worth $1,173,000. Boyd Watterson Asset Management LLC OH increased its position in Emerson Electric by 13.8% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 17,117 shares of the industrial products company’s stock valued at $1,877,000 after acquiring an additional 2,071 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Emerson Electric by 1.6% in the first quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock valued at $78,540,000 after acquiring an additional 11,097 shares during the period. Finally, DnB Asset Management AS boosted its position in Emerson Electric by 5.6% in the first quarter. DnB Asset Management AS now owns 916,663 shares of the industrial products company’s stock worth $100,503,000 after purchasing an additional 48,226 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

EMR has been the topic of a number of research reports. Citigroup raised their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Royal Bank Of Canada decreased their target price on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Daiwa Capital Markets boosted their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.61.

Emerson Electric Stock Down 1.7%

NYSE EMR opened at $129.27 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. 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 $132.37 and its 200 day moving average is $129.77. The stock has a market cap of $72.75 billion, a PE ratio of 27.80, a P/E/G ratio of 2.36 and a beta of 1.30.

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

Emerson Electric declared that its Board of Directors has approved a share repurchase plan on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. Emerson Electric’s payout ratio is presently 54.95%.

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.