Emerson Electric Co. $EMR Shares Sold by Amalgamated Bank

Amalgamated Bank cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,207 shares of the industrial products company’s stock after selling 2,011 shares during the quarter. Amalgamated Bank’s holdings in Emerson Electric were worth $14,694,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Savvy Advisors Inc. lifted its holdings in shares of Emerson Electric by 121.9% during the second quarter. Savvy Advisors Inc. now owns 6,613 shares of the industrial products company’s stock worth $882,000 after purchasing an additional 3,633 shares during the period. Assetmark Inc. lifted its holdings in shares of Emerson Electric by 20.7% during the second quarter. Assetmark Inc. now owns 12,620 shares of the industrial products company’s stock worth $1,683,000 after purchasing an additional 2,167 shares during the period. Keybank National Association OH raised its position in Emerson Electric by 27.8% in the second quarter. Keybank National Association OH now owns 659,774 shares of the industrial products company’s stock worth $87,968,000 after acquiring an additional 143,329 shares in the last quarter. HBK Sorce Advisory LLC raised its position in Emerson Electric by 3.7% in the second quarter. HBK Sorce Advisory LLC now owns 8,802 shares of the industrial products company’s stock worth $1,174,000 after acquiring an additional 312 shares in the last quarter. Finally, Premier Path Wealth Partners LLC raised its position in Emerson Electric by 14.0% in the second quarter. Premier Path Wealth Partners LLC now owns 6,507 shares of the industrial products company’s stock worth $868,000 after acquiring an additional 798 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EMR has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Wolfe Research cut their price objective on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Stephens increased 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. Citigroup increased 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, Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric Trading Up 0.3%

Shares of EMR stock opened at $136.90 on Friday. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The stock has a market cap of $77.05 billion, a P/E ratio of 29.44, a P/E/G ratio of 2.36 and a beta of 1.29. The business has a fifty day simple moving average of $132.14 and a 200-day simple moving average of $128.06. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last announced its quarterly 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, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share 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 given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

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.