Smith Shellnut Wilson LLC ADV Has $406,000 Position in Emerson Electric Co. $EMR

Smith Shellnut Wilson LLC ADV cut its stake in Emerson Electric Co. (NYSE:EMR) by 22.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,047 shares of the industrial products company’s stock after selling 869 shares during the quarter. Smith Shellnut Wilson LLC ADV’s holdings in Emerson Electric were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EMR. Brighton Jones LLC raised its stake 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 in the last quarter. Rossby Financial LCC acquired a new position in Emerson Electric in the first quarter worth approximately $57,000. Teacher Retirement System of Texas lifted its stake in Emerson Electric by 79.8% in the first quarter. Teacher Retirement System of Texas now owns 210,844 shares of the industrial products company’s stock valued at $23,117,000 after acquiring an additional 93,598 shares during the last quarter. Avantax Planning Partners Inc. grew its position in Emerson Electric by 1.0% in the first quarter. Avantax Planning Partners Inc. now owns 10,548 shares of the industrial products company’s stock worth $1,156,000 after acquiring an additional 109 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its stake in shares of Emerson Electric by 8.0% during the 1st quarter. IFM Investors Pty Ltd now owns 122,658 shares of the industrial products company’s stock worth $13,415,000 after purchasing an additional 9,108 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $139.83 on Friday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The firm’s fifty day simple moving average is $132.26 and its 200 day simple moving average is $128.53. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $78.70 billion, a PE ratio of 30.07, a PEG ratio of 2.36 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EMR shares. Wolfe Research cut their price target on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Citigroup raised their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Royal Bank Of Canada raised their price target on shares of Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.28.

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.