New England Research & Management Inc. Trims Stake in Emerson Electric Co. (NYSE:EMR)

New England Research & Management Inc. reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,378 shares of the industrial products company’s stock after selling 100 shares during the quarter. New England Research & Management Inc.’s holdings in Emerson Electric were worth $479,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EMR. Security National Bank purchased a new position in Emerson Electric during the 4th quarter worth $29,000. Transcendent Capital Group LLC purchased a new position in shares of Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. increased its holdings in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the period. Tributary Capital Management LLC purchased a new position in shares of Emerson Electric in the 1st quarter valued at $35,000. Finally, Rise Advisors LLC purchased a new position in shares of Emerson Electric in the 1st quarter valued at $36,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of EMR stock traded up $1.06 on Monday, hitting $112.50. The company had a trading volume of 2,775,533 shares, compared to its average volume of 2,741,764. The firm has a market cap of $64.36 billion, a P/E ratio of 6.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30. The company has a 50-day moving average price of $105.37 and a 200-day moving average price of $109.29. 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 twelve month low of $83.10 and a twelve month high of $119.53.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating 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 firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the business earned $1.29 EPS. Emerson Electric’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.87%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EMR. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price target for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Robert W. Baird boosted their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. 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 research note on Thursday, August 8th. Morgan Stanley started coverage on Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. Finally, Redburn Atlantic started coverage on Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 target price on the stock. One equities research 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.59.

Emerson Electric 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.