Summit Trail Advisors LLC Has $991,000 Position in Emerson Electric Co. (NYSE:EMR)

Summit Trail Advisors LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 8.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,000 shares of the industrial products company’s stock after selling 876 shares during the period. Summit Trail Advisors LLC’s holdings in Emerson Electric were worth $991,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Thrive Wealth Management LLC grew its stake in shares of Emerson Electric by 4.1% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 91 shares in the last quarter. LCM Capital Management Inc grew its position in 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 purchasing an additional 91 shares in the last quarter. Sabal Trust CO increased its stake in Emerson Electric by 2.2% in the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after buying an additional 93 shares during the last quarter. Catalyst Financial Partners LLC lifted its position in Emerson Electric by 3.7% during the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock worth $287,000 after buying an additional 94 shares in the last quarter. Finally, PFG Advisors boosted its stake in shares of Emerson Electric by 3.8% during the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after buying an additional 96 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company dropped their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Oppenheimer cut their price objective on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Barclays lowered their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada dropped their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $124.29.

Emerson Electric Trading Down 0.7 %

Shares of NYSE:EMR opened at $105.16 on Monday. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The business has a 50 day moving average of $107.04 and a 200-day moving average of $109.44. 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 stock has a market cap of $60.16 billion, a PE ratio of 5.63, a P/E/G ratio of 1.66 and a beta of 1.30.

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

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a dividend of $0.525 per share. 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 dividend payout ratio is 11.24%.

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.