Valeo Financial Advisors LLC Has $1.31 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Valeo Financial Advisors LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 11,525 shares of the industrial products company’s stock after selling 248 shares during the period. Valeo Financial Advisors LLC’s holdings in Emerson Electric were worth $1,307,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Morgan Stanley lifted its position in shares of Emerson Electric by 7.9% during the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after purchasing an additional 1,008,294 shares during the last quarter. 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 purchasing an additional 1,488,948 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Emerson Electric by 0.6% during the 4th quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock worth $1,036,982,000 after purchasing an additional 62,105 shares during the last quarter. Norges Bank bought a new position in Emerson Electric during the fourth quarter valued at about $764,604,000. Finally, Nordea Investment Management AB increased its stake in Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after acquiring an additional 1,558,903 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.3 %

NYSE:EMR traded up $0.29 during trading hours on Wednesday, hitting $109.56. 1,074,532 shares of the stock were exchanged, compared to its average volume of 2,681,759. The company’s 50 day moving average is $109.98 and its two-hundred day moving average is $105.97. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $116.76. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $62.68 billion, a P/E ratio of 5.92, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.11. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and boosted their price target for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. 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 note on Thursday, March 21st. Loop Capital upped their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Berenberg Bank upped their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.76.

About Emerson Electric

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.