NewEdge Advisors LLC Sells 1,276 Shares of Emerson Electric Co. (NYSE:EMR)

NewEdge Advisors LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 65,375 shares of the industrial products company’s stock after selling 1,276 shares during the quarter. NewEdge Advisors LLC’s holdings in Emerson Electric were worth $7,202,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. American National Bank & Trust Co. VA bought a new position in shares of Emerson Electric during the 1st quarter worth about $1,011,000. Exencial Wealth Advisors LLC raised its stake in Emerson Electric by 17.6% during the fourth quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock worth $4,780,000 after acquiring an additional 7,358 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Emerson Electric by 183.6% in the 1st quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after purchasing an additional 53,003 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Emerson Electric in the 1st quarter worth about $1,047,000. Finally, Farther Finance Advisors LLC increased its position in shares of Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after purchasing an additional 3,060 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 0.1 %

Shares of NYSE EMR opened at $109.35 on Tuesday. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The stock has a market capitalization of $62.56 billion, a P/E ratio of 5.85, a PEG ratio of 1.74 and a beta of 1.30. The firm’s 50 day simple moving average is $105.82 and its two-hundred day simple moving average is $109.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

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

Emerson Electric Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays reduced their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Oppenheimer upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. One equities 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.59.

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.