Janney Capital Management LLC Trims Position in Emerson Electric Co. (NYSE:EMR)

Janney Capital Management LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,754 shares of the industrial products company’s stock after selling 4,785 shares during the period. Janney Capital Management LLC’s holdings in Emerson Electric were worth $10,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of EMR. Brighton Jones LLC increased its position in shares of Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares during the last quarter. Principal Securities Inc. increased its position in shares of Emerson Electric by 5.0% during the 4th quarter. Principal Securities Inc. now owns 7,888 shares of the industrial products company’s stock worth $978,000 after purchasing an additional 378 shares during the last quarter. Catalyst Capital Advisors LLC increased its position in shares of Emerson Electric by 83.3% during the 4th quarter. Catalyst Capital Advisors LLC now owns 726 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 330 shares during the last quarter. Empower Advisory Group LLC increased its position in shares of Emerson Electric by 15.8% during the 4th quarter. Empower Advisory Group LLC now owns 7,786 shares of the industrial products company’s stock worth $965,000 after purchasing an additional 1,065 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Emerson Electric by 34.2% during the 4th quarter. Venturi Wealth Management LLC now owns 5,409 shares of the industrial products company’s stock worth $670,000 after purchasing an additional 1,378 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $128.54 on Thursday. The stock has a 50-day simple moving average of $114.00 and a 200-day simple moving average of $118.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The stock has a market capitalization of $72.31 billion, a PE ratio of 30.75, a PEG ratio of 2.52 and a beta of 1.28. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS. On average, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, May 16th. Emerson Electric’s payout ratio is 50.48%.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EMR. Robert W. Baird cut their price objective on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Royal Bank Of Canada lifted their target price on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Wells Fargo & Company lifted their target price on Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Finally, Barclays lifted their target price on Emerson Electric from $112.00 to $118.00 and gave the company an “underweight” rating in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $136.47.

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.