Guggenheim Capital LLC Sells 8,915 Shares of Emerson Electric Co. $EMR

Guggenheim Capital LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 8.3% in the second quarter, HoldingsChannel.com reports. The fund owned 97,893 shares of the industrial products company’s stock after selling 8,915 shares during the quarter. Guggenheim Capital LLC’s holdings in Emerson Electric were worth $13,052,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new stake in Emerson Electric during the 1st quarter valued at approximately $25,000. Winnow Wealth LLC bought a new position in shares of Emerson Electric during the second quarter worth $34,000. PFS Partners LLC grew its stake in Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 108 shares in the last quarter. Traub Capital Management LLC purchased a new stake in Emerson Electric in the 2nd quarter worth $37,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of Emerson Electric during the 2nd quarter valued at about $38,000. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EMR. Wolfe Research lifted their target price on Emerson Electric from $165.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. JPMorgan Chase & Co. reduced their price objective on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Finally, Jefferies Financial Group decreased their price target on shares of Emerson Electric from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.67.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total transaction of $965,979.00. Following the completion of the sale, the chief executive officer directly owned 196,292 shares in the company, valued at $26,106,836. This represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.50% of the stock is owned by company insiders.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $136.64 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 0.88. The firm has a market cap of $76.83 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.20 and a beta of 1.26. The firm’s 50 day simple moving average is $131.53 and its 200-day simple moving average is $132.20. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27.

Emerson Electric (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%.The business had revenue of $3.16 billion during the quarter. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. Emerson Electric’s payout ratio is presently 54.95%.

Emerson Electric declared that its Board of Directors has approved a share buyback program on Wednesday, November 5th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

About Emerson Electric

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.