Exchange Capital Management Inc. Sells 1,273 Shares of Emerson Electric Co. $EMR

Exchange Capital Management Inc. lessened its stake in Emerson Electric Co. (NYSE:EMR) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,212 shares of the industrial products company’s stock after selling 1,273 shares during the quarter. Emerson Electric makes up approximately 1.3% of Exchange Capital Management Inc.’s portfolio, making the stock its 22nd biggest holding. Exchange Capital Management Inc.’s holdings in Emerson Electric were worth $8,428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. lifted its holdings in Emerson Electric by 2.7% during the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock valued at $23,271,000 after purchasing an additional 5,504 shares during the last quarter. North Capital Inc. bought a new position in Emerson Electric during the first quarter valued at approximately $211,000. Davis Investment Partners LLC bought a new stake in Emerson Electric in the second quarter worth $692,000. Golden State Equity Partners purchased a new position in Emerson Electric in the 1st quarter worth approximately $459,000. Finally, Truist Financial Corp grew its holdings in Emerson Electric by 1.7% in the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company’s stock worth $118,259,000 after acquiring an additional 18,069 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 1.3%

Emerson Electric stock opened at $132.90 on Friday. The firm has a market cap of $74.79 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.31 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock has a fifty day simple moving average of $134.43 and a two-hundred day simple moving average of $124.39.

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

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s payout ratio is currently 45.38%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Daiwa Capital Markets increased their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Stephens lifted their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price 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.