Granite Harbor Advisors Inc. Sells 290 Shares of Emerson Electric Co. $EMR

Granite Harbor Advisors Inc. lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 3.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 7,098 shares of the industrial products company’s stock after selling 290 shares during the quarter. Granite Harbor Advisors Inc.’s holdings in Emerson Electric were worth $946,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EMR. Brighton Jones LLC raised its holdings in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Emerson Electric by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company’s stock worth $1,126,000 after acquiring an additional 1,479 shares in the last quarter. Valmark Advisers Inc. grew its position in Emerson Electric by 4.2% during the 1st quarter. Valmark Advisers Inc. now owns 8,900 shares of the industrial products company’s stock worth $976,000 after purchasing an additional 362 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Emerson Electric by 4.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 262,861 shares of the industrial products company’s stock worth $28,820,000 after purchasing an additional 12,325 shares during the last quarter. Finally, Consolidated Portfolio Review Corp boosted its holdings in shares of Emerson Electric by 33.1% in the 1st quarter. Consolidated Portfolio Review Corp now owns 7,718 shares of the industrial products company’s stock valued at $846,000 after acquiring an additional 1,919 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on EMR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Royal Bank Of Canada raised their price target on shares of Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.28.

Emerson Electric Stock Down 1.6%

Shares of NYSE:EMR opened at $130.00 on Thursday. The company has a market capitalization of $73.17 billion, a PE ratio of 27.96, a P/E/G ratio of 2.29 and a beta of 1.29. 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 twelve month low of $90.06 and a twelve month high of $150.27. The firm has a 50 day simple moving average of $131.78 and a 200-day simple moving average of $126.39.

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. The business 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%. On average, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio is 45.38%.

About Emerson Electric

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.