MinichMacGregor Wealth Management LLC Has $278,000 Stock Position in Emerson Electric Co. $EMR

MinichMacGregor Wealth Management LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 10.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,088 shares of the industrial products company’s stock after selling 239 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Emerson Electric were worth $278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EMR. Wellington Management Group LLP raised its position in shares of Emerson Electric by 6.9% in the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock valued at $1,675,403,000 after acquiring an additional 980,652 shares during the period. JPMorgan Chase & Co. increased its stake in Emerson Electric by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock valued at $785,770,000 after purchasing an additional 611,105 shares in the last quarter. Nuveen LLC bought a new position in shares of Emerson Electric during the first quarter worth $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Emerson Electric by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock valued at $448,053,000 after buying an additional 223,831 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Emerson Electric by 18.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company’s stock valued at $415,912,000 after buying an additional 579,653 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 1.1%

Emerson Electric stock opened at $128.70 on Friday. 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 simple moving average of $135.56 and a 200 day simple moving average of $123.85. The company has a market cap of $72.43 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 2.47 and a beta of 1.30.

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

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Bank of America boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. KeyCorp increased their target price on Emerson Electric from $150.00 to $155.00 and gave the stock 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 note on Tuesday, July 8th. Stephens increased their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Finally, Citigroup upped their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.76.

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.