Hennion & Walsh Asset Management Inc. Has $846,000 Stake in Emerson Electric Co. (NYSE:EMR)

Hennion & Walsh Asset Management Inc. lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 24.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,460 shares of the industrial products company’s stock after selling 2,434 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Emerson Electric were worth $846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Norges Bank acquired a new stake in shares of Emerson Electric in the 4th quarter worth about $764,604,000. First Trust Advisors LP boosted its position in shares of Emerson Electric by 219.2% during the fourth quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after buying an additional 1,786,583 shares during the last quarter. Nordea Investment Management AB grew its holdings in Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after buying an additional 1,558,903 shares in the last quarter. Wellington Management Group LLP raised its position in Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after buying an additional 1,488,948 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in Emerson Electric by 211.7% during the 3rd quarter. Schroder Investment Management Group now owns 2,003,099 shares of the industrial products company’s stock valued at $193,439,000 after acquiring an additional 1,360,477 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EMR. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Berenberg Bank lifted their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Bank of America upped their target price on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. UBS Group lifted their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, Citigroup upped their price objective on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.76.

Emerson Electric Stock Down 2.0 %

EMR stock opened at $108.00 on Tuesday. The stock has a 50-day simple moving average of $110.00 and a two-hundred day simple moving average of $105.79. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $116.76. The firm has a market capitalization of $61.79 billion, a PE ratio of 5.78, a PEG ratio of 1.88 and a beta of 1.32. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. Emerson Electric’s revenue was up 16.5% on a year-over-year basis. On average, equities analysts predict that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.94%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

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.