Tufton Capital Management Cuts Holdings in Emerson Electric Co. $EMR

Tufton Capital Management trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 2.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 73,188 shares of the industrial products company’s stock after selling 1,703 shares during the quarter. Emerson Electric accounts for about 1.9% of Tufton Capital Management’s holdings, making the stock its 15th biggest holding. Tufton Capital Management’s holdings in Emerson Electric were worth $9,758,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Impact Capital Partners LLC lifted its holdings in shares of Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 71 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in shares of Emerson Electric by 1.7% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock valued at $578,000 after acquiring an additional 71 shares during the last quarter. Jag Capital Management LLC raised its stake in shares of Emerson Electric by 1.9% during 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 raised its stake in shares of Emerson Electric by 2.9% during 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. Finally, Petros Family Wealth LLC raised its holdings in Emerson Electric by 0.9% in the 2nd quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock worth $1,243,000 after purchasing an additional 80 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EMR has been the subject of several research reports. Wolfe Research decreased their price objective on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Daiwa Capital Markets upped their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Jefferies Financial Group reduced their target price on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Finally, Royal Bank Of Canada increased their price objective on shares of Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $140.08 on Tuesday. The stock has a market capitalization of $78.84 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.36 and a beta of 1.29. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The firm’s 50 day simple moving average is $132.41 and its 200-day simple moving average is $129.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR) last released 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 net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion for the quarter. Analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is presently 45.38%.

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.