Tounjian Advisory Partners LLC Sells 110 Shares of Emerson Electric Co. $EMR

Tounjian Advisory Partners LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,512 shares of the industrial products company’s stock after selling 110 shares during the quarter. Tounjian Advisory Partners LLC’s holdings in Emerson Electric were worth $1,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Baron Wealth Management LLC boosted its position in Emerson Electric by 44.4% during the second quarter. Baron Wealth Management LLC now owns 4,260 shares of the industrial products company’s stock valued at $568,000 after purchasing an additional 1,309 shares in the last quarter. Goelzer Investment Management Inc. boosted its position in Emerson Electric by 2.0% during the second quarter. Goelzer Investment Management Inc. now owns 7,806 shares of the industrial products company’s stock valued at $1,041,000 after purchasing an additional 150 shares in the last quarter. Fermata Advisors LLC purchased a new stake in Emerson Electric in the second quarter valued at about $206,000. LifePlan Financial LLC raised its stake in Emerson Electric by 12.9% in the second quarter. LifePlan Financial LLC now owns 7,720 shares of the industrial products company’s stock valued at $1,029,000 after buying an additional 881 shares during the last quarter. Finally, New England Research & Management Inc. raised its stake in Emerson Electric by 21.0% in the second quarter. New England Research & Management Inc. now owns 4,708 shares of the industrial products company’s stock valued at $628,000 after buying an additional 818 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 4.9%

Emerson Electric stock opened at $129.03 on Wednesday. The stock has a market capitalization of $72.62 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 2.64 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The business has a 50 day simple moving average of $137.14 and a 200-day simple moving average of $123.00. 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 (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The firm 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 business’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share. On average, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid 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 currently 45.38%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research analyst reports. Bank of America increased their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. KeyCorp increased their price target on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Finally, Citigroup raised their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.