Emerson Electric Co. $EMR Shares Sold by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 16.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,475 shares of the industrial products company’s stock after selling 10,766 shares during the period. Emerson Electric accounts for 3.3% of Birmingham Capital Management Co. Inc. AL’s holdings, making the stock its 6th largest position. Birmingham Capital Management Co. Inc. AL’s holdings in Emerson Electric were worth $7,530,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Impact Capital Partners LLC raised its position in shares of Emerson Electric by 3.9% in the second quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after buying an additional 71 shares in the last quarter. Jag Capital Management LLC increased its stake in Emerson Electric by 1.9% in the second quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock valued at $527,000 after acquiring an additional 72 shares during the last quarter. Beacon Financial Advisory LLC increased its stake in Emerson Electric by 2.9% in the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 77 shares during the last quarter. Petros Family Wealth LLC increased its stake in Emerson Electric by 0.9% in the second quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock valued at $1,243,000 after acquiring an additional 80 shares during the last quarter. Finally, Orca Investment Management LLC increased its stake in Emerson Electric by 2.0% in the second quarter. Orca Investment Management LLC now owns 4,190 shares of the industrial products company’s stock valued at $559,000 after acquiring an additional 81 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $129.34 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The stock has a market cap of $72.79 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 2.24 and a beta of 1.29. The company’s fifty day moving average is $131.93 and its 200 day moving average is $126.07.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 payout ratio is currently 45.38%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EMR shares. Barclays raised shares of 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 note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Wolfe Research decreased their target price on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada boosted their target price on shares of Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.28.

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.