ProShare Advisors LLC Sells 174,197 Shares of Emerson Electric Co. (NYSE:EMR)

ProShare Advisors LLC cut its stake in Emerson Electric Co. (NYSE:EMR) by 9.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,704,998 shares of the industrial products company’s stock after selling 174,197 shares during the quarter. ProShare Advisors LLC owned approximately 0.30% of Emerson Electric worth $187,823,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Thrive Wealth Management LLC raised its position in shares of Emerson Electric by 4.1% in the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 91 shares during the period. LCM Capital Management Inc grew its stake in shares of Emerson Electric by 1.4% in the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after acquiring an additional 91 shares in the last quarter. Sabal Trust CO grew its stake in shares of Emerson Electric by 2.2% in the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after acquiring an additional 93 shares in the last quarter. Catalyst Financial Partners LLC grew its stake in shares of Emerson Electric by 3.7% in the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 94 shares in the last quarter. Finally, PFG Advisors grew its stake in shares of Emerson Electric by 3.8% in the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after acquiring an additional 96 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EMR shares. Wells Fargo & Company decreased their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Redburn Atlantic began coverage on shares of Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price target on the stock. Oppenheimer reduced their price objective on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Robert W. Baird increased their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $124.29.

Emerson Electric Stock Down 0.7 %

EMR stock opened at $105.16 on Friday. The stock has a market capitalization of $60.16 billion, a P/E ratio of 5.63, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The firm has a 50-day moving average price of $107.04 and a 200-day moving average price of $109.45.

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

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 2.00%. 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.