Emerson Electric Co. $EMR Position Lessened by Pflug Koory LLC

Pflug Koory LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 14.1% during the 2nd quarter, Holdings Channel reports. The fund owned 10,348 shares of the industrial products company’s stock after selling 1,702 shares during the quarter. Pflug Koory LLC’s holdings in Emerson Electric were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of EMR. Saudi Central Bank acquired a new position in shares of Emerson Electric during the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric in the 1st quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the first quarter worth $28,000. Fourth Dimension Wealth LLC grew its holdings in shares of Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after buying an additional 154 shares in the last quarter. Finally, Garde Capital Inc. acquired a new position in Emerson Electric during the first quarter valued at $36,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.3%

EMR opened at $134.79 on Friday. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The business has a 50-day moving average of $134.13 and a 200-day moving average of $124.55. 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 capitalization of $75.86 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period last year, the business earned $1.43 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 45.38%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stephens raised their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Wells Fargo & Company raised their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Citigroup raised their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Bank of America raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.88.

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.