Profund Advisors LLC Sells 128 Shares of Emerson Electric Co. (NYSE:EMR)

Profund Advisors LLC lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,977 shares of the industrial products company’s stock after selling 128 shares during the period. Profund Advisors LLC’s holdings in Emerson Electric were worth $989,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Security National Bank purchased a new stake in Emerson Electric during the fourth quarter worth about $29,000. Cape Investment Advisory Inc. raised its holdings in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the period. Transcendent Capital Group LLC purchased a new position in Emerson Electric in the first quarter valued at approximately $31,000. Burkett Financial Services LLC bought a new position in Emerson Electric during the fourth quarter valued at $32,000. Finally, Meeder Asset Management Inc. increased its position in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $105.03 on Tuesday. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The firm’s fifty day moving average price is $106.80 and its 200-day moving average price is $109.41. The stock has a market cap of $60.09 billion, a P/E ratio of 5.62, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

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

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s payout ratio is presently 11.24%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EMR. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Morgan Stanley started 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. Redburn Atlantic initiated coverage on shares of Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 target price on the stock. Royal Bank of Canada cut their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.29.

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.