AE Wealth Management LLC Lowers Holdings in Emerson Electric Co. (NYSE:EMR)

AE Wealth Management LLC trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 25.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 154,489 shares of the industrial products company’s stock after selling 52,924 shares during the quarter. AE Wealth Management LLC’s holdings in Emerson Electric were worth $17,019,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EMR. First Trust Advisors LP boosted its stake in shares of Emerson Electric by 219.2% during the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after acquiring an additional 1,786,583 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Emerson Electric by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after acquiring an additional 1,488,948 shares in the last quarter. Swedbank AB purchased a new stake in shares of Emerson Electric during the 1st quarter worth about $129,670,000. Clean Energy Transition LLP raised its position in shares of Emerson Electric by 110.7% during the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after purchasing an additional 990,615 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth about $61,304,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on EMR. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Robert W. Baird increased their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Redburn Atlantic began coverage on shares of Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective for the company. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.29.

Emerson Electric Stock Performance

Shares of EMR stock opened at $105.16 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. The stock has a market capitalization of $60.16 billion, a PE ratio of 5.63, a P/E/G ratio of 1.66 and a beta of 1.30. The firm has a 50 day moving average of $107.04 and a two-hundred day moving average of $109.44.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 EPS. On average, research analysts predict that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.00%. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

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.