Plancorp LLC Decreases Stake in Emerson Electric Co. $EMR

Plancorp LLC lessened its stake in Emerson Electric Co. (NYSE:EMR) by 6.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 314,307 shares of the industrial products company’s stock after selling 21,255 shares during the quarter. Emerson Electric comprises 1.5% of Plancorp LLC’s portfolio, making the stock its 14th largest holding. Plancorp LLC’s holdings in Emerson Electric were worth $41,907,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stephens boosted their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Daiwa Capital Markets boosted their target price on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday. KeyCorp boosted their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Bank of America boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, Citigroup lifted their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $142.72.

Emerson Electric Trading Up 0.2%

EMR opened at $131.77 on Thursday. The firm has a market cap of $74.16 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 2.49 and a beta of 1.30. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The business’s 50 day moving average is $136.16 and its two-hundred day moving average is $123.60. 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 released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. On average, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

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.