Yousif Capital Management LLC Cuts Stock Position in Emerson Electric Co. $EMR

Yousif Capital Management LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 135,566 shares of the industrial products company’s stock after selling 252 shares during the period. Yousif Capital Management LLC’s holdings in Emerson Electric were worth $18,075,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Saudi Central Bank purchased a new position in shares of Emerson Electric in the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Emerson Electric in the 1st quarter valued at $27,000. Inlight Wealth Management LLC acquired a new stake in Emerson Electric during the 1st quarter valued at $28,000. Fourth Dimension Wealth LLC grew its holdings in Emerson Electric by 145.3% during 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 in the last quarter. Finally, Garde Capital Inc. acquired a new stake in Emerson Electric during the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $125.99 on Monday. The firm has a market cap of $70.91 billion, a P/E ratio of 27.09, a P/E/G ratio of 2.19 and a beta of 1.29. 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 Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The firm has a fifty day moving average of $132.66 and a two-hundred day moving average of $125.34.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $3.16 billion during the quarter. As a group, research analysts anticipate 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. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.7%. Emerson Electric’s payout ratio is 45.38%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stephens raised their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Daiwa Capital Markets raised their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Bank of America raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $145.56.

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.