Jones Financial Companies Lllp Sells 228,347 Shares of Emerson Electric Co. $EMR

Jones Financial Companies Lllp lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 89.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,087 shares of the industrial products company’s stock after selling 228,347 shares during the period. Jones Financial Companies Lllp’s holdings in Emerson Electric were worth $3,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Orion Capital Management LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $25,000. Saudi Central Bank acquired a new position in shares of Emerson Electric in the 1st 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. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric during the 1st quarter worth $27,000. Finally, Inlight Wealth Management LLC bought a new position in Emerson Electric during the first quarter worth about $28,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EMR. Stephens increased their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. KeyCorp lifted their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.39.

Emerson Electric Stock Performance

Shares of EMR stock opened at $133.59 on Thursday. The firm has a market cap of $75.18 billion, a PE ratio of 28.73, a P/E/G ratio of 2.57 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 company’s fifty day simple moving average is $137.42 and its 200-day simple moving average is $122.59. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

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.