1620 Investment Advisors Inc. Sells 952 Shares of Emerson Electric Co. (NYSE:EMR)

1620 Investment Advisors Inc. decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 38.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,537 shares of the industrial products company’s stock after selling 952 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Emerson Electric were worth $168,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Transcendent Capital Group LLC purchased a new stake in Emerson Electric in the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. lifted its position in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the third quarter worth approximately $33,000. Versant Capital Management Inc raised its holdings in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares in the last quarter. Finally, Matrix Trust Co bought a new stake in Emerson Electric during the third quarter valued at about $44,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EMR has been the subject of a number of research analyst reports. Redburn Atlantic started coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 target price for the company. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Barclays lowered their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Finally, Wells Fargo & Company lowered their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.47.

Emerson Electric Trading Up 0.1 %

Shares of EMR stock opened at $109.06 on Thursday. The company has a market capitalization of $62.39 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $106.51 and a 200 day moving average price of $108.90.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. 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. Investors of record on Friday, August 16th were paid a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.93%. Emerson Electric’s payout ratio is currently 11.24%.

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.