Quilter Plc Sells 1,276 Shares of Emerson Electric Co. $EMR

Quilter Plc reduced its position in Emerson Electric Co. (NYSE:EMR) by 0.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 797,877 shares of the industrial products company’s stock after selling 1,276 shares during the period. Emerson Electric makes up approximately 1.9% of Quilter Plc’s holdings, making the stock its 19th largest holding. Quilter Plc’s holdings in Emerson Electric were worth $106,381,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Impact Capital Partners LLC raised its stake in shares of Emerson Electric by 3.9% during the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 71 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in Emerson Electric by 1.7% during the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock worth $578,000 after acquiring an additional 71 shares during the period. Jag Capital Management LLC boosted its holdings in Emerson Electric by 1.9% in the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock valued at $527,000 after purchasing an additional 72 shares during the period. Beacon Financial Advisory LLC increased its holdings in shares of 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 worth $369,000 after purchasing an additional 77 shares during the period. Finally, Petros Family Wealth LLC boosted its stake in Emerson Electric by 0.9% during 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 buying an additional 80 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EMR. Wolfe Research dropped 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. Barclays raised their target price on shares of Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Daiwa Capital Markets upped their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Jefferies Financial Group cut their price target on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.00.

Emerson Electric Stock Up 1.1%

Shares of NYSE EMR opened at $128.18 on Thursday. The firm has a fifty day simple moving average of $131.83 and a two-hundred day simple moving average of $131.09. The firm has a market capitalization of $72.01 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27.

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. The company had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. Equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.555 per share. The ex-dividend date is Friday, November 14th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. Emerson Electric’s dividend payout ratio (DPR) is 54.95%.

Emerson Electric declared that its board has authorized a share buyback plan on Wednesday, November 5th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.