IFP Advisors Inc Sells 1,530 Shares of Emerson Electric Co. $EMR

IFP Advisors Inc reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 6.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,550 shares of the industrial products company’s stock after selling 1,530 shares during the quarter. IFP Advisors Inc’s holdings in Emerson Electric were worth $2,873,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EMR. Saudi Central Bank bought a new stake in shares of Emerson Electric during the 1st quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Emerson Electric in the 1st quarter worth about $27,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric in the 1st quarter worth about $28,000. Fourth Dimension Wealth LLC increased its holdings in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 154 shares in the last quarter. Finally, Garde Capital Inc. acquired a new position in Emerson Electric in the 1st quarter worth about $36,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 4.2%

NYSE EMR opened at $125.99 on Friday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. 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 business’s 50-day moving average price is $132.66 and its two-hundred day moving average price is $125.17. The firm has a market capitalization of $70.91 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last announced its earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $3.16 billion for the quarter. On average, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.7%. Emerson Electric’s dividend payout ratio is presently 45.38%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EMR. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Daiwa Capital Markets upped their target price on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. KeyCorp upped their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Stephens upped their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $144.29.

Emerson Electric 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.