Emerson Electric Co. (NYSE:EMR) Position Decreased by Osher Van de Voorde Investment Management

Osher Van de Voorde Investment Management cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,370 shares of the industrial products company’s stock after selling 290 shares during the period. Emerson Electric makes up approximately 4.2% of Osher Van de Voorde Investment Management’s holdings, making the stock its 11th biggest position. Osher Van de Voorde Investment Management’s holdings in Emerson Electric were worth $19,290,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Transcendent Capital Group LLC purchased a new position in shares of Emerson Electric in the first quarter worth approximately $31,000. Meeder Asset Management Inc. lifted its holdings in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares in the last quarter. Tributary Capital Management LLC purchased a new position in shares of Emerson Electric during the first quarter valued at $35,000. Rise Advisors LLC acquired a new position in Emerson Electric during the first quarter valued at $36,000. Finally, Versant Capital Management Inc boosted its position in Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 269 shares during the period. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EMR shares. Barclays reduced their price target 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. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Oppenheimer increased their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Robert W. Baird upped their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.59.

Emerson Electric Stock Down 2.8 %

EMR opened at $109.42 on Wednesday. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The business has a 50 day moving average of $105.14 and a 200-day moving average of $109.27. The stock has a market capitalization of $62.60 billion, a price-to-earnings ratio of 5.85, a P/E/G ratio of 1.74 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last posted its quarterly 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. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. As a group, sell-side analysts anticipate 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. Shareholders of record on Friday, August 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. Emerson Electric’s dividend payout ratio is currently 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.