Puzo Michael J Sells 700 Shares of Emerson Electric Co. $EMR

Puzo Michael J lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,627 shares of the industrial products company’s stock after selling 700 shares during the period. Puzo Michael J’s holdings in Emerson Electric were worth $1,150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kidder Stephen W bought a new stake in Emerson Electric during the 2nd quarter worth $247,000. Proffitt & Goodson Inc. grew its position in Emerson Electric by 0.9% during the 2nd quarter. Proffitt & Goodson Inc. now owns 10,157 shares of the industrial products company’s stock worth $1,354,000 after acquiring an additional 88 shares during the last quarter. REAP Financial Group LLC grew its position in Emerson Electric by 19.5% during the 2nd quarter. REAP Financial Group LLC now owns 1,783 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 291 shares during the last quarter. Venturi Wealth Management LLC grew its position in Emerson Electric by 5.6% during the 2nd quarter. Venturi Wealth Management LLC now owns 5,934 shares of the industrial products company’s stock worth $791,000 after acquiring an additional 314 shares during the last quarter. Finally, DMC Group LLC grew its position in shares of Emerson Electric by 20.6% in the 2nd quarter. DMC Group LLC now owns 6,251 shares of the industrial products company’s stock valued at $833,000 after buying an additional 1,067 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 2.5%

Shares of NYSE:EMR opened at $131.40 on Wednesday. The company has a market capitalization of $73.95 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 2.34 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The business’s 50-day moving average is $133.51 and its 200-day moving average is $124.93. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the business earned $1.43 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on EMR. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Stephens upped their price target on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Citigroup upped their price target on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, Daiwa Capital Markets upped their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $144.29.

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.