SG Americas Securities LLC Decreases Stake in Emerson Electric Co. $EMR

SG Americas Securities LLC lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 89.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 9,055 shares of the industrial products company’s stock after selling 75,690 shares during the quarter. SG Americas Securities LLC’s holdings in Emerson Electric were worth $1,207,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EMR. Saudi Central Bank purchased a new stake in shares of Emerson Electric during the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the 1st quarter valued at about $27,000. PFS Partners LLC raised its stake 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 buying an additional 108 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in Emerson Electric during the second quarter worth $38,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Emerson Electric by 436.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock worth $39,000 after buying an additional 288 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group reduced their price objective on Emerson Electric from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Friday. Wolfe Research raised their price objective on shares of Emerson Electric from $165.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Daiwa Capital Markets upped their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Finally, Royal Bank Of Canada decreased their price objective on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $148.13.

Emerson Electric Stock Performance

Shares of EMR opened at $128.19 on Friday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company’s fifty day moving average is $131.42 and its 200-day moving average is $131.18. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market cap of $72.02 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share 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 during the quarter. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

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

Emerson Electric Increases Dividend

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

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.