Abbot Financial Management Inc. Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Abbot Financial Management Inc. lowered its position in Emerson Electric Co. (NYSE:EMR) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,484 shares of the industrial products company’s stock after selling 925 shares during the period. Emerson Electric comprises about 1.1% of Abbot Financial Management Inc.’s portfolio, making the stock its 24th largest position. Abbot Financial Management Inc.’s holdings in Emerson Electric were worth $2,036,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EMR. Wellington Management Group LLP lifted its position in shares of Emerson Electric by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after buying an additional 1,488,948 shares in the last quarter. First Trust Advisors LP grew its stake in Emerson Electric by 219.2% in the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after purchasing an additional 1,786,583 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Emerson Electric by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company’s stock valued at $259,809,000 after purchasing an additional 355,106 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Emerson Electric by 6.8% during the 1st quarter. Van ECK Associates Corp now owns 2,106,958 shares of the industrial products company’s stock worth $238,971,000 after purchasing an additional 134,865 shares during the period. Finally, Clean Energy Transition LLP boosted its holdings in shares of Emerson Electric by 110.7% in the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after buying an additional 990,615 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on EMR shares. Barclays lowered their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird lifted their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Wells Fargo & Company reduced their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada lowered their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $124.29.

Emerson Electric Trading Up 0.3 %

Emerson Electric stock opened at $102.30 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The stock has a market cap of $58.53 billion, a P/E ratio of 5.47, a PEG ratio of 1.66 and a beta of 1.30. The firm’s fifty day moving average price is $107.66 and its 200-day moving average price is $109.57.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the firm posted $1.29 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

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.