Emerson Electric Co. $EMR Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 283,961 shares of the industrial products company’s stock after selling 1,283 shares during the period. Emerson Electric accounts for 5.6% of John G Ullman & Associates Inc.’s holdings, making the stock its biggest position. John G Ullman & Associates Inc.’s holdings in Emerson Electric were worth $37,861,000 at the end of the most recent quarter.

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

Emerson Electric Price Performance

EMR stock opened at $129.34 on Friday. The stock has a 50-day moving average price of $131.93 and a two-hundred day moving average price of $125.90. 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 company has a market cap of $72.79 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) 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 during the quarter. As a group, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given 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%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EMR. TD Cowen raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Stephens boosted their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Citigroup lifted their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. lifted their price objective on Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.28.

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.