Rogco LP Sells 632 Shares of Emerson Electric Co. $EMR

Rogco LP decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,227 shares of the industrial products company’s stock after selling 632 shares during the quarter. Rogco LP’s holdings in Emerson Electric were worth $1,097,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Bank of America raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Citigroup lifted their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Finally, KeyCorp raised their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.76.

Emerson Electric Trading Up 1.5%

EMR opened at $131.18 on Wednesday. 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 fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company’s 50 day moving average price is $135.02 and its two-hundred day moving average price is $124.21. The firm has a market capitalization of $73.83 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.45 and a beta of 1.30.

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 analysts’ consensus estimates of $1.51 by $0.01. The company 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%. Emerson Electric’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. As a group, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid 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 1.6%. Emerson Electric’s dividend payout ratio is presently 45.38%.

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.