Ranch Capital Advisors Inc. Sells 147 Shares of Emerson Electric Co. (NYSE:EMR)

Ranch Capital Advisors Inc. trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 7.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,933 shares of the industrial products company’s stock after selling 147 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in Emerson Electric were worth $213,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Newport Trust Company LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth $574,908,000. King Luther Capital Management Corp increased its position in Emerson Electric by 0.8% during the 2nd quarter. King Luther Capital Management Corp now owns 1,972,751 shares of the industrial products company’s stock worth $217,318,000 after purchasing an additional 15,330 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Emerson Electric by 13.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 31,043 shares of the industrial products company’s stock valued at $3,420,000 after buying an additional 3,715 shares in the last quarter. Ieq Capital LLC boosted its holdings in shares of Emerson Electric by 22.4% during the 2nd quarter. Ieq Capital LLC now owns 26,287 shares of the industrial products company’s stock valued at $2,896,000 after acquiring an additional 4,810 shares in the last quarter. Finally, Brighton Jones LLC grew its position in Emerson Electric by 9.3% during the 2nd quarter. Brighton Jones LLC now owns 6,555 shares of the industrial products company’s stock worth $722,000 after acquiring an additional 560 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EMR. Redburn Atlantic began coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Robert W. Baird upped their price target on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Barclays decreased their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Finally, Oppenheimer cut their price target on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. One investment 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. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $124.29.

Emerson Electric Stock Performance

EMR stock opened at $105.93 on Friday. The business has a 50 day moving average of $107.23 and a 200-day moving average of $109.47. 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 12-month low of $83.10 and a 12-month high of $119.53. The firm has a market cap of $60.60 billion, a PE ratio of 5.67, a P/E/G ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating 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 business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the firm earned $1.29 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.98%. 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.