Mcdonald Partners LLC Lowers Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Mcdonald Partners LLC trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,331 shares of the industrial products company’s stock after selling 254 shares during the period. Mcdonald Partners LLC’s holdings in Emerson Electric were worth $1,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tobam lifted its position in shares of Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares in the last quarter. Security National Bank bought a new stake in Emerson Electric in the fourth quarter worth $29,000. Cape Investment Advisory Inc. lifted its position in Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares during the last quarter. Burkett Financial Services LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth about $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of Emerson Electric during the 4th quarter valued at about $35,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMR. UBS Group upped their price objective on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup increased their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Berenberg Bank upped their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $122.76.

Emerson Electric Price Performance

Emerson Electric stock traded down $1.78 during midday trading on Wednesday, reaching $106.09. The company had a trading volume of 2,500,419 shares, compared to its average volume of 2,675,113. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $116.76. The company has a market capitalization of $60.69 billion, a P/E ratio of 5.68, a P/E/G ratio of 1.80 and a beta of 1.33. The firm’s fifty day simple moving average is $110.07 and its 200-day simple moving average is $105.42.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.98%. Emerson Electric’s dividend payout ratio is presently 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.