Atria Wealth Solutions Inc. Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

Atria Wealth Solutions Inc. reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,450 shares of the industrial products company’s stock after selling 1,434 shares during the period. Atria Wealth Solutions Inc.’s holdings in Emerson Electric were worth $4,346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Accordant Advisory Group Inc acquired a new position in Emerson Electric in the 1st quarter worth $29,000. Security National Bank acquired a new stake in Emerson Electric during the 4th quarter valued at approximately $29,000. Cape Investment Advisory Inc. increased its holdings in Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Emerson Electric during the 1st quarter valued at approximately $31,000. Finally, Burkett Financial Services LLC bought a new stake in shares of Emerson Electric in the fourth quarter worth $32,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Mizuho raised their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Wells Fargo & Company cut their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Barclays lowered their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $124.33.

Emerson Electric Stock Performance

Shares of EMR traded up $0.88 during trading hours on Wednesday, reaching $104.00. 2,261,969 shares of the company’s stock traded hands, compared to its average volume of 2,693,650. The firm has a market capitalization of $59.50 billion, a price-to-earnings ratio of 5.56, a P/E/G ratio of 1.93 and a beta of 1.32. The business’s fifty day simple moving average is $109.90 and its two-hundred day simple moving average is $109.74. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. 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 (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $1.29 earnings per share. Analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

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.