Emerson Electric Co. (NYSE:EMR) Shares Sold by Baugh & Associates LLC

Baugh & Associates LLC trimmed its position in Emerson Electric Co. (NYSE:EMR) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,053 shares of the industrial products company’s stock after selling 683 shares during the period. Emerson Electric comprises about 1.3% of Baugh & Associates LLC’s portfolio, making the stock its 28th largest holding. Baugh & Associates LLC’s holdings in Emerson Electric were worth $2,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrive Wealth Management LLC raised its position in shares of Emerson Electric by 4.1% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock valued at $255,000 after buying an additional 91 shares during the period. LCM Capital Management Inc raised its position in Emerson Electric by 1.4% in the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 91 shares during the period. Sabal Trust CO raised its position in Emerson Electric by 2.2% in the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 93 shares during the period. Catalyst Financial Partners LLC increased its position in shares of Emerson Electric by 3.7% during the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 94 shares during the period. Finally, PFG Advisors increased its position in shares of Emerson Electric by 3.8% during the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after acquiring an additional 96 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Up 7.8 %

NYSE EMR opened at $126.86 on Thursday. The stock has a market capitalization of $72.65 billion, a P/E ratio of 42.57, a P/E/G ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $127.74. The firm has a 50-day moving average price of $107.50 and a 200 day moving average price of $109.05. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

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

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.66%. Emerson Electric’s dividend payout ratio (DPR) is 70.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EMR shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday. Barclays upped their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $127.65.

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.