Emerson Electric Co. (NYSE:EMR) Position Reduced by Rogco LP

Rogco LP lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,508 shares of the industrial products company’s stock after selling 343 shares during the period. Rogco LP’s holdings in Emerson Electric were worth $1,040,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in Emerson Electric in the 1st quarter worth $31,000. Meeder Asset Management Inc. increased its position in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares in the last quarter. Tributary Capital Management LLC bought a new position in Emerson Electric in the 1st quarter worth approximately $35,000. Versant Capital Management Inc boosted its stake in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares during the last quarter. Finally, Matrix Trust Co acquired a new stake in shares of Emerson Electric during the third quarter worth $44,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.7 %

Emerson Electric stock traded down $0.78 during midday trading on Thursday, hitting $107.73. 523,660 shares of the company’s stock were exchanged, compared to its average volume of 2,692,092. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The company has a market cap of $61.63 billion, a PE ratio of 5.81, a P/E/G ratio of 1.70 and a beta of 1.30. The firm has a 50-day moving average of $106.01 and a two-hundred day moving average of $109.09.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 earnings per share. As a group, analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.95%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EMR. Wells Fargo & Company dropped their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Oppenheimer upped their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Redburn Atlantic assumed coverage on shares of Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 price objective on the stock. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $125.47.

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.