Emerson Electric Co. (NYSE:EMR) Shares Sold by Vicus Capital

Vicus Capital reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,524 shares of the industrial products company’s stock after selling 124 shares during the quarter. Vicus Capital’s holdings in Emerson Electric were worth $278,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EMR. Fifth Third Wealth Advisors LLC boosted its stake in Emerson Electric by 127.8% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 9,442 shares of the industrial products company’s stock valued at $1,040,000 after purchasing an additional 5,297 shares in the last quarter. Prossimo Advisors LLC bought a new position in Emerson Electric during the 2nd quarter valued at $716,000. Aaron Wealth Advisors LLC boosted its stake in Emerson Electric by 6.0% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,652 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 207 shares in the last quarter. Krilogy Financial LLC boosted its stake in Emerson Electric by 113.6% during the 2nd quarter. Krilogy Financial LLC now owns 38,598 shares of the industrial products company’s stock valued at $4,252,000 after purchasing an additional 20,528 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Emerson Electric by 4.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 3,712 shares of the industrial products company’s stock valued at $409,000 after purchasing an additional 155 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EMR shares. Mizuho increased their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and raised their price objective for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Barclays reduced their price objective on 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. Finally, Oppenheimer reduced their price objective on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.33.

Emerson Electric Stock Up 0.3 %

Shares of NYSE:EMR traded up $0.27 during midday trading on Thursday, hitting $104.29. 624,799 shares of the stock were exchanged, compared to its average volume of 2,680,880. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The business’s fifty day simple moving average is $109.90 and its two-hundred day simple moving average is $109.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The company has a market capitalization of $59.66 billion, a PE ratio of 5.56, a P/E/G ratio of 1.93 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the company earned $1.29 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.525 per share. The ex-dividend date is Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 2.01%. Emerson Electric’s dividend payout ratio (DPR) is currently 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.