Emerson Electric Co. (NYSE:EMR) is Birmingham Capital Management Co. Inc. AL’s 8th Largest Position

Birmingham Capital Management Co. Inc. AL reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,061 shares of the industrial products company’s stock after selling 3,920 shares during the period. Emerson Electric accounts for about 3.1% of Birmingham Capital Management Co. Inc. AL’s investment portfolio, making the stock its 8th largest position. Birmingham Capital Management Co. Inc. AL’s holdings in Emerson Electric were worth $7,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of EMR. American National Bank & Trust Co. VA purchased a new position in shares of Emerson Electric in the 1st quarter worth about $1,011,000. Exencial Wealth Advisors LLC raised its stake in shares of Emerson Electric by 17.6% in the 4th quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock valued at $4,780,000 after acquiring an additional 7,358 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Emerson Electric by 183.6% during 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 acquiring an additional 53,003 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in shares of Emerson Electric in the first quarter worth about $1,047,000. Finally, Farther Finance Advisors LLC grew its position in 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 in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Down 0.1 %

NYSE:EMR opened at $109.25 on Wednesday. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. 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 has a 50 day simple moving average of $105.65 and a 200 day simple moving average of $109.31. The firm has a market capitalization of $62.50 billion, a P/E ratio of 5.85, a P/E/G ratio of 1.74 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. Equities research analysts predict that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.92%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analyst Ratings Changes

EMR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Morgan Stanley started coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. Robert W. Baird lifted their price objective on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Redburn Atlantic initiated coverage on Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. Finally, Wells Fargo & Company dropped their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $124.59.

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.