Fifth Third Wealth Advisors LLC Reduces Stake in Emerson Electric Co. $EMR

Fifth Third Wealth Advisors LLC reduced its position in Emerson Electric Co. (NYSE:EMR) by 11.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,503 shares of the industrial products company’s stock after selling 1,525 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Emerson Electric were worth $1,534,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

EMR has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Stephens increased their target price on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Citigroup raised their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $144.29.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $125.99 on Friday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The stock has a market capitalization of $70.91 billion, a P/E ratio of 27.09, a PEG ratio of 2.19 and a beta of 1.29. 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 fifty day moving average price is $132.66 and its 200 day moving average price is $125.25.

Emerson Electric (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $3.16 billion for the quarter. As a group, research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 1.7%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) 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.