Quest Partners LLC Sells 252 Shares of Emerson Electric Co. (NYSE:EMR)

Quest Partners LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 36.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 439 shares of the industrial products company’s stock after selling 252 shares during the period. Quest Partners LLC’s holdings in Emerson Electric were worth $48,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Caprock Group LLC boosted its holdings in shares of Emerson Electric by 53.6% in the 2nd quarter. Caprock Group LLC now owns 22,060 shares of the industrial products company’s stock worth $2,430,000 after purchasing an additional 7,701 shares during the period. Lynch & Associates IN increased its position in Emerson Electric by 4.3% during the second quarter. Lynch & Associates IN now owns 81,779 shares of the industrial products company’s stock valued at $9,009,000 after acquiring an additional 3,358 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Emerson Electric in the second quarter valued at $2,043,000. Norden Group LLC lifted its holdings in shares of Emerson Electric by 8.5% in the 2nd quarter. Norden Group LLC now owns 2,206 shares of the industrial products company’s stock worth $243,000 after acquiring an additional 172 shares during the last quarter. Finally, Greystone Financial Group LLC grew its holdings in Emerson Electric by 33.0% during the 2nd quarter. Greystone Financial Group LLC now owns 52,121 shares of the industrial products company’s stock valued at $5,742,000 after purchasing an additional 12,943 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of several recent analyst reports. Oppenheimer dropped their target price on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Morgan Stanley initiated coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Wells Fargo & Company cut their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Barclays decreased their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $124.29.

Emerson Electric Trading Down 0.2 %

NYSE EMR opened at $103.70 on Thursday. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. The company has a 50 day moving average price of $107.39 and a 200 day moving average price of $109.50. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm has a market cap of $59.33 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its earnings results 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. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the company posted $1.29 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 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.