Venture Visionary Partners LLC Sells 3,044 Shares of Emerson Electric Co. $EMR

Venture Visionary Partners LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 46.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,554 shares of the industrial products company’s stock after selling 3,044 shares during the period. Venture Visionary Partners LLC’s holdings in Emerson Electric were worth $390,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at $25,000. Vega Investment Solutions bought a new stake in shares of Emerson Electric in the 4th quarter valued at $27,000. Ameriflex Group Inc. bought a new stake in shares of Emerson Electric in the 4th quarter valued at $30,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric in the 1st quarter valued at $27,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric in the 1st quarter valued at $28,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $129.9810 on Friday. The firm has a market cap of $73.15 billion, a PE ratio of 27.95, a PEG ratio of 2.55 and a beta of 1.32. 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 Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a fifty day moving average price of $136.89 and a 200 day moving average price of $121.87.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period in the prior year, the business earned $1.43 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric’s dividend payout ratio is currently 45.38%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Stephens upped their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Robert W. Baird lowered their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. upped their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company upped their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $142.39.

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.