Trifecta Capital Advisors LLC Sells 146 Shares of Emerson Electric Co. $EMR

Trifecta Capital Advisors LLC reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 15.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 778 shares of the industrial products company’s stock after selling 146 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Emerson Electric were worth $104,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Saudi Central Bank bought a new stake in Emerson Electric in the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric in the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in Emerson Electric in the 1st quarter valued at $28,000. Fourth Dimension Wealth LLC boosted its stake in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 154 shares during the period. Finally, PFS Partners LLC raised its holdings in Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 108 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EMR has been the subject of several analyst reports. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Stephens lifted their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday. Finally, KeyCorp boosted their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $144.29.

Emerson Electric Trading Up 1.2%

NYSE EMR opened at $133.10 on Thursday. The business’s 50-day moving average price is $133.25 and its two-hundred day moving average price is $124.98. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The firm has a market capitalization of $74.91 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The business’s revenue was up 3.9% on a year-over-year basis. On average, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.5275 per share. 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%.

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.