MassMutual Private Wealth & Trust FSB Decreases Holdings in Emerson Electric Co. $EMR

MassMutual Private Wealth & Trust FSB cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,603 shares of the industrial products company’s stock after selling 1,282 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Emerson Electric were worth $7,814,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in Emerson Electric during the 4th quarter valued at $25,000. Vega Investment Solutions bought a new stake in shares of Emerson Electric during the 4th quarter valued at $27,000. Saudi Central Bank bought a new stake in shares of Emerson Electric during the 1st quarter valued at $25,000. Ameriflex Group Inc. bought a new stake in shares of Emerson Electric during the 4th quarter valued at $30,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric during the 1st quarter valued at $27,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Emerson Electric stock opened at $135.73 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The firm has a market capitalization of $76.39 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 2.63 and a beta of 1.30. The company’s 50-day moving average is $137.33 and its 200 day moving average is $122.96.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data 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 net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period in the prior year, the company posted $1.43 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Wells Fargo & Company upped their target price 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. Stephens upped their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, KeyCorp upped their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $142.39.

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.