TIAA Trust National Association Sells 2,329 Shares of Emerson Electric Co. $EMR

TIAA Trust National Association decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 6.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,052 shares of the industrial products company’s stock after selling 2,329 shares during the quarter. TIAA Trust National Association’s holdings in Emerson Electric were worth $4,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Impact Capital Partners LLC boosted its holdings in shares of Emerson Electric by 3.9% in the second quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock worth $255,000 after buying an additional 71 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of Emerson Electric by 1.7% in the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock worth $578,000 after buying an additional 71 shares during the last quarter. Jag Capital Management LLC boosted its holdings in shares of Emerson Electric by 1.9% in the second quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock worth $527,000 after buying an additional 72 shares during the last quarter. Beacon Financial Advisory LLC boosted its holdings in shares of Emerson Electric by 2.9% in the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock worth $369,000 after buying an additional 77 shares during the last quarter. Finally, Petros Family Wealth LLC boosted its holdings in shares of Emerson Electric by 0.9% in the second quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock worth $1,243,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on EMR shares. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Wells Fargo & Company restated an “equal weight” rating and set a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Daiwa Capital Markets raised their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Jefferies Financial Group decreased their target price on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric Stock Performance

EMR opened at $140.08 on Tuesday. The stock has a market capitalization of $78.84 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.36 and a beta of 1.29. The company has a fifty day moving average of $132.41 and a 200 day moving average of $129.03. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

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

Emerson Electric Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, August 15th. Emerson Electric’s payout ratio is currently 45.38%.

Emerson Electric Company 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.