Journey Advisory Group LLC Trims Stake in Emerson Electric Co. $EMR

Journey Advisory Group LLC lowered its stake in Emerson Electric Co. (NYSE:EMR) by 4.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 12,535 shares of the industrial products company’s stock after selling 540 shares during the period. Journey Advisory Group LLC’s holdings in Emerson Electric were worth $1,671,000 at the end of the most recent reporting period.

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

Emerson Electric Stock Performance

NYSE:EMR opened at $129.34 on Monday. 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 firm has a 50-day moving average of $131.93 and a two-hundred day moving average of $126.07. The stock has a market cap of $72.79 billion, a P/E ratio of 27.81, a PEG ratio of 2.24 and a beta of 1.29. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27.

Emerson Electric (NYSE:EMR) last posted 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 during the quarter. On average, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.5275 per share. 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 (DPR) is presently 45.38%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup increased their price target on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. JPMorgan Chase & Co. increased their price target on Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Finally, Stephens increased their price target on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, 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.