Emerson Electric Co. $EMR Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,375 shares of the industrial products company’s stock after selling 300 shares during the quarter. Jacobs & Co. CA’s holdings in Emerson Electric were worth $2,849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in shares of Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock worth $23,271,000 after purchasing an additional 5,504 shares during the period. North Capital Inc. acquired a new stake in Emerson Electric in the 1st quarter valued at about $211,000. Zurich Insurance Group Ltd FI acquired a new stake in Emerson Electric in the 4th quarter valued at about $3,003,000. Golden State Equity Partners acquired a new stake in Emerson Electric in the 1st quarter valued at about $459,000. Finally, Truist Financial Corp grew its stake in Emerson Electric by 1.7% in the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company’s stock valued at $118,259,000 after acquiring an additional 18,069 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Citigroup increased their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Stephens increased 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 note on Wednesday, July 16th. Finally, TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $142.39.

Emerson Electric Price Performance

NYSE:EMR opened at $135.19 on Friday. The firm has a market cap of $76.08 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 2.68 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average is $137.38 and its two-hundred day moving average is $122.82. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates 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 was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. Research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is presently 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.