RFG Bristol Wealth Advisors LLC Sells 448 Shares of Emerson Electric Co. $EMR

RFG Bristol Wealth Advisors LLC cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 22.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,552 shares of the industrial products company’s stock after selling 448 shares during the period. RFG Bristol Wealth Advisors LLC’s holdings in Emerson Electric were worth $207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new stake in Emerson Electric during the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric during the first quarter valued at approximately $27,000. PFS Partners LLC raised its position in Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 108 shares during the period. Princeton Global Asset Management LLC purchased a new stake in Emerson Electric during the second quarter valued at approximately $38,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Emerson Electric by 436.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 288 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Down 3.9%

Shares of NYSE:EMR opened at $132.42 on Thursday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The stock has a market cap of $74.53 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. The business’s 50 day moving average is $132.48 and its 200 day moving average is $129.32. 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 (NYSE:EMR) last announced its quarterly earnings data 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 company had revenue of $3.16 billion for the quarter. Sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.7%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. Emerson Electric’s payout ratio is currently 45.38%.

Emerson Electric declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 5th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped 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, October 15th. Wolfe Research reduced their price target on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Stephens increased 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Two research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.28.

Emerson Electric Company 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.