Hurlow Wealth Management Group Inc. Sells 205 Shares of Emerson Electric Co. (NYSE:EMR)

Hurlow Wealth Management Group Inc. lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,718 shares of the industrial products company’s stock after selling 205 shares during the quarter. Hurlow Wealth Management Group Inc.’s holdings in Emerson Electric were worth $625,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. American National Bank & Trust Co. VA bought a new stake in shares of Emerson Electric in the first quarter valued at approximately $1,011,000. SG Americas Securities LLC boosted its position in shares of Emerson Electric by 183.6% in the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after acquiring an additional 53,003 shares during the period. Lloyd Advisory Services LLC. bought a new stake in shares of Emerson Electric in the first quarter valued at approximately $1,047,000. Farther Finance Advisors LLC boosted its position in shares of Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after acquiring an additional 3,060 shares during the period. Finally, Norden Group LLC bought a new stake in shares of Emerson Electric in the first quarter valued at approximately $4,188,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent research reports. Barclays cut their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley initiated coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Oppenheimer upped their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Redburn Atlantic initiated coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 target price for the company. Finally, StockNews.com lowered 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 given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $124.59.

Emerson Electric Price Performance

Shares of NYSE:EMR traded up $1.06 during midday trading on Monday, reaching $112.50. The company’s stock had a trading volume of 2,775,533 shares, compared to its average volume of 2,741,764. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The company has a market capitalization of $64.36 billion, a P/E ratio of 6.02, a P/E/G ratio of 1.74 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The business’s fifty day simple moving average is $105.37 and its 200-day simple moving average is $109.29.

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

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid 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 dividend yield of 1.87%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

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.