Burney Co. Reduces Holdings in Emerson Electric Co. $EMR

Burney Co. lowered its position in Emerson Electric Co. (NYSE:EMR) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,520 shares of the industrial products company’s stock after selling 1,951 shares during the period. Burney Co.’s holdings in Emerson Electric were worth $2,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Saudi Central Bank purchased a new stake in Emerson Electric in the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric in the first quarter valued at approximately $27,000. PFS Partners LLC boosted its position in Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after buying an additional 108 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in Emerson Electric in the second quarter valued at approximately $38,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in Emerson Electric by 436.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock valued at $39,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.4%

Shares of EMR stock opened at $140.08 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The company has a market cap of $78.84 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.36 and a beta of 1.29. The stock has a 50 day simple moving average of $132.41 and a 200-day simple moving average of $129.03. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27.

Emerson Electric (NYSE:EMR) last announced its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. On average, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio is currently 45.38%.

Analysts Set New Price Targets

A number of research analysts have issued reports on EMR shares. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Citigroup boosted their price target on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft boosted their price target on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Daiwa Capital Markets boosted their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.28.

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.